Anthropic will spend $11.6 billion over seven years on Akamai’s cloud infrastructure, Akamai said Thursday.
Demand for CPUs, the general-purpose chips that handle work like running code and browsing the web, has grown as AI agents take on more tasks, though Akamai didn’t say what Anthropic will use them for.
On an investor call Thursday, executives said they expect $150 million to $300 million in 2027, starting in the second half, with revenue reaching an annual pace of about $1.7 billion by the end of 2028.
Each more $3 billion it commits to Akamai’s cloud services unlocks about another 1%, so the deal could grow by as much as $9 billion, to about $20 billion in total.
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The article, shortened and in plain language
Anthropic will spend $11.6 billion over seven years on Akamai’s cloud infrastructure, Akamai said Thursday. The commitment isn’t ironclad; according to Akamai’s securities filing, it depends on Akamai meeting certain delivery and service-availability requirements, and either company can end the agreement under certain conditions.
Demand for CPUs, the general-purpose chips that handle work like running code and browsing the web, has grown as AI agents take on more tasks, though Akamai didn’t say what Anthropic will use them for.
Akamai won’t see revenue from the deal this year. On an investor call Thursday, executives said they expect $150 million to $300 million in 2027, starting in the second half, with revenue reaching an annual pace of about $1.7 billion by the end of 2028.
To build out the capacity, Akamai expects to spend about $5.5 billion.
As part of the deal, Akamai issued Anthropic a warrant, the right to buy shares at a set price, for nonvoting preferred stock convertible into 7.7 million common shares, or up to about 5% of the company’s stock, at $111.33 a share. Each more $3 billion it commits to Akamai’s cloud services unlocks about another 1%, so the deal could grow by as much as $9 billion, to about $20 billion in total.
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