Miles Jamison 
- Akamai signed a seven-year, $11.6 billion agreement with Anthropic
- The partnership will support Anthropic’s CPU workload demands
- Akamai issued Anthropic a warrant covering up to about 5 percent of its stock
Akamai Technologies has entered into a seven-year, $11.6 billion contractual agreement with Anthropic to support the artificial intelligence company’s CPU workload demands.
What Does the Anthropic Agreement Include?
Akamai said Thursday that under the expanded partnership, Anthropic will use Akamai Cloud software and distributed AI infrastructure to support its computing requirements. The arrangement is part of a broader set of cloud infrastructure services commitments Akamai has secured in 2026, totaling more than $2.8 billion before the Anthropic agreement.
The agreement comes as Anthropic continues expanding its work with government customers and partners. In July, the company appointed Teresa Carlson as global head of public sector to lead its government-facing activities.
Tom Leighton, co-founder and CEO of Akamai, said Anthropic’s selection of the company reflects its ability to support the development and operation of AI infrastructure at scale. He said Akamai’s experience serving large enterprises and its expanding global infrastructure give the company a strong position to support secure and responsible AI applications and workloads.
Anthropic has also been expanding the use of its AI models in government and critical infrastructure settings, including the limited restoration of access to its Claude Mythos 5 model for approved U.S. organizations.
What Stock Rights Did Akamai Grant Anthropic?
Akamai issued Anthropic a warrant covering non-voting convertible Series B preferred stock equivalent to 7.7 million common shares on an as-converted basis, at an exercise price of $111.33 per share. The warrant could ultimately represent about 5 percent of Akamai’s outstanding common stock.
The $11.6 billion commitment is expected to trigger vesting of roughly 2 percent. The remaining portion would vest as Anthropic’s commitment expands by as much as $9 billion more before the warrant’s seven-year term ends. Under the arrangement, every additional $3 billion in cloud services purchases would correspond to about 1 percent in vesting, subject to terms agreed upon by the companies.
How Much Will Akamai Spend on the Agreement?
Akamai estimates about $5.5 billion in capital expenditures associated with the $11.6 billion commitment. The company also anticipates roughly $1.7 billion more in capital spending this year to lock in and buy ahead of critical supply chain components such as memory.
The company said the Anthropic agreement is not expected to affect its 2026 revenue guidance.
