Akamai used to be known mainly as a CDN company.
Now it’s spending billions on cloud infrastructure, signing a massive agreement with Anthropic, buying AI-security companies like LayerX, and building products designed to control autonomous AI agents.
I looked into the Hugging Face and Australia incidents, Guardicore, Linode, LayerX, Akamai’s agent-security strategy, the $11.6B Anthropic agreement, the $5.5B capex requirement, margin pressure, dilution risk and the bull and bear case.
The big question is whether Akamai is becoming an important part of the agentic internet, or just becoming a much more capital-intensive company.................
