$AKAM Announces $11.6 Billion Multi-year Agreement with Anthropic to Support Growing Demand

Anthropic to leverage Akamai Cloud's distributed infrastructure and software to support CPU workload growth at scale.

The transaction provides for the potential expansion of the relationship by up to an additional $9 billion, which represents a total potential commitment of approximately $20 billion

Akamai has issued a warrant to Anthropic, the continued vesting of which is tied to the successful expansion of the relationship, for up to approximately 5% of Akamai's common stock outstanding. A portion of the warrant representing approximately 2% of Akamai's common stock outstanding is expected to vest in connection with today's announced commitment

Akamai $AKAM authorized Jabil $JBL to procure about $1.7B of memory components, with Jabil holding the inventory on consignment and repurchasing it at cost as Akamai uses it.

Akamai also signed a new Lenovo hardware, software and services agreement with a 3-year master term and a related 7-year statement of work.

The commitments come as Akamai ramps infrastructure behind its 7-year, $11.6B Anthropic cloud deal, which could expand by another $9B to roughly $20B total.