Anthropic commits to spending $11.6B over seven years on Akamai cloud services and secures an option to take a stake of up to 5%; AKAM jumps 17%+ after hours (Harshita Mary Varghese/Reuters) — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Anthropic committed to spending $11.6 billion over seven years on Akamai Technologies cloud services under a newly signed agreement.
- Anthropic secured an option to take a stake of up to 5% in Akamai as part of the deal structure.
- Akamai Technologies (AKAM) shares jumped more than 17% in after-hours trading immediately following the announcement.
Why it matters: A multi-year $11.6B commitment from a top-tier AI lab locks in significant revenue visibility for Akamai while the 5% equity option ties Anthropic's interests to Akamai's shareholder performance — a structure that goes beyond a typical vendor contract. The 17%+ after-hours jump reflects how much the market had undervalued Akamai's role in AI infrastructure demand.
Ask SkimNews
