Anthropic strikes multibillion-dollar computing deal with Akamai

Akamai says the agreement covers $11.6 billion in contractual commitments over seven years, with room to grow to roughly $20 billion.

Anthropic has agreed to a large computing deal with Akamai to support the AI company's growing demand for infrastructure. Akamai's own announcement puts the contractual commitment at $11.6 billion over seven years, covering CPU workload demand through Akamai Cloud's distributed AI infrastructure and software.

The agreement can expand by up to $9 billion more, for a potential total commitment of roughly $20 billion, according to Akamai. As part of the deal, Akamai is issuing Anthropic a warrant for up to about 5% of its common stock, with roughly 2% expected to vest tied to the commitment announced today.

Akamai said total capital spending tied to the $11.6 billion commitment is expected to run to about $5.5 billion, and that the deal will not affect its 2026 revenue guidance. The company does expect a roughly $1.7 billion increase in 2026 capital expenditure to secure supply chain components, including memory.

The two companies had already worked together: Akamai signed a $1.8 billion, seven-year cloud computing deal with Anthropic in May 2026, which Akamai's chief executive called the largest in the company's history at the time, according to Mobile World Live, citing Bloomberg. Anthropic has also separately agreed to use the entire capacity of SpaceX's Colossus 1 data centre in Memphis, Tennessee, more than 300 megawatts, Mobile World Live reported, citing the Financial Times.

The new commitment locks in a large block of computing capacity for Anthropic ahead of its planned initial public offering in November, addressing the company's stated need to amass 5 gigawatts of compute by the end of the year. That removes a key execution risk for the IPO and gives Anthropic tangible proof of demand from a major infrastructure provider, support that should feed into valuation discussions with public market investors.