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Akamai signs $11.6 billion cloud deal with Anthropic, grants warrant for up to 5% stake
Reuters • • business
Key Points:
- Akamai has secured a seven-year agreement with AI company Anthropic, granting Anthropic the right to purchase Series B shares convertible to about 7.7 million shares of Akamai's common stock, as part of a broader $2.8 billion multi-year cloud infrastructure deal portfolio.
- Anthropic, preparing for an IPO, is rapidly expanding its computing capabilities, including a $45 billion deal to rent AI cloud computing power from Nscale's data center, reflecting significant investment in infrastructure to support advanced AI workloads.
- The warrant tied to Anthropic's $11.6 billion commitment represents about 2% of Akamai's common stock, with an additional 3% vesting if the deal expands by up to $9 billion, indicating strong confidence in sustained AI-driven cloud demand.
- Akamai anticipates approximately $5.5 billion in capital expenditure related to the initial commitment, with no expected impact on its annual revenue forecast but a projected $1.7 billion increase in 2026 capital spending to secure necessary components, including memory.
