Catenaa, Friday, September 25, 2026- Anthropic signed a seven-year, $11.6 billion data center computing power deal with Akamai, adding to a 2024 agreement.
Bloomberg News reported that Akamai will supply Anthropic with access to CPUs to support AI services in data centers.
The report said that Akamai has also allowed Anthropic the right to buy Series B shares for $111.33 each that convert into 7.7 million shares of common stock.
The 2024 deal signed between the companies was valued at $1.8 billion.
The main drivers of revenue for Akamai is the sales made from its content delivery and cybersecurity services, and have lately been expanded into computing power services.
According to Bloomberg News, the contract with Anthropic represents the largest deal in the cyber firm’s history, and the company estimated that its capital spending tied to the Anthropic agreement alone will total about $5.5 billion, more than six times what it spent in all of 2025.
Meanwhile, The Information revealed that Anthropic has quietly accumulated up to $517 billion in compute commitments, with an upper-bound estimate of potential spending over the next decade, marking a 2.9x expansion from the $180 billion disclosed just months prior.
According to The Information, the $517 billion figure is not a confirmed cash outlay today, but rather a massive, time-bound ceiling for capacity acquisition covering 14.8 gigawatts over 11 months ending in August 2026.
Meanwhile, Bloomberg reported that Akamai expects revenue from the Anthropic business to total about $150 million to $300 million next year.
“By the time we’re through to 2028,” Akamai Chief Executive Officer Tom Leighton told Bloomberg News, “it’ll be an annual run rate of about $1.7 billion.”
Leighton also told Bloomberg that the company’s cloud business is growing extremely fast and the company’s revenue associated with cloud contracts may eclipse sales from its other segments fairly soon.
The warrant issued for Anthropic to purchase Akamai shares, representing about 2% of Akamai’s common stock, vests with the computing agreement and is expected to begin in the second half of 2027, with the rest over the seven-year deal period.
A Bloomberg report said some Wall Street investors have raised concerns about so-called circular AI deals, where cloud, hardware, and AI companies buy each other’s products and also invest directly in one another, making it harder to quantify real demand for AI.
This is the first time Akamai has agreed to such a warrant as part of a cloud deal with a customer. Leighton told Bloomberg, “It’s a serious step, but I think in this case it made sense to do it,” he said. “It helps bring the companies together.”
