Akamai-Anthropic Deal

Akamai struck an $11.6 billion seven-year deal with Anthropic to run CPU-based AI workloads on its distributed infrastructure.

“The deal could be a life-changer for Akamai, given the current trend toward edge-based compute for AI.”

Warrant Shares

Anthropic gets a warrant to buy 7.7 million shares, about 5% of Akamai's outstanding shares, in four tranches.

Tranche Details

First tranche of 40% shares delivered upon Anthropic's first payment; remaining tranches vest based on $3 billion in services per tranche.

CIS Growth

Akamai's CIS services grew 39% year-over-year to 9% of Q2 2026 revenue, generating $2.8 billion in multiyear contracts.

Security Segment

Akamai's security segment grew 10% and accounted for 55% of Q2 2026 revenue, while traditional CDN revenue fell 6%.

Global Network

Akamai's CDN business built a network with 4,000 points of presence across 700 cities and 130 countries.

Edge AI Trend

Edge compute is becoming critical for AI inference and agentic applications, with competitors like Cloudflare and Fastly also moving into edge AI.

AMD Helios

AMD's Helios rack-scale solution, which includes GPUs, CPUs, and DPUs, is gaining traction among hyperscalers and enterprises.

AMD-Anthropic Deal

AMD and Anthropic have a multi-year engineering collaboration, with Anthropic committing to buy Helios solutions.

Lenovo Agreement

Akamai signed a seven-year deal with Lenovo, an early OEM for AMD Helios solutions.

Capital Spending

Akamai needs $5.5 billion in capital expenditures to support the Anthropic deal, with $1.7 billion already allocated to Jabil.

Power Requirements

The project requires 95-105 MW of power, sourced from existing colocation providers, not new builds.

Revenue Timeline

Akamai won't see revenue from the deal until 2028, with $1.7 billion in annual recurring revenue expected.

Investor Reaction

Shares rose 20% after announcement but dropped 2.84% by Monday due to capital spending concerns.