Akamai Just Landed an $11.6 Billion AI Deal. How This Could Change the Narrative for AKAM Stock.

Cloud computing and cybersecurity firm Akamai Technologies (AKAM) may have just changed its narrative by teaming up with a top artificial intelligence start-up.

Akamai announced an $11.6 billion, seven-year agreement with Anthropic, the AI company behind Claude. Anthropic will use Akamai Cloud’s infrastructure and software to support its rapidly growing CPU workloads. And the deal could nearly double in size—a provision allows the agreement to expand by another $9 billion, bringing the potential commitment to roughly $20 billion. Akamai also issued Anthropic warrants that could ultimately represent roughly 5% of its outstanding shares. About 2% is tied to the initial commitment, with additional warrants vesting as Anthropic expands its spending.