Akamai shares jump more than 20% on $11.6B Anthropic computing deal

Shares of Akamai Technologies Inc. jumped more than 20% in after-hours trading today after the cloud and cybersecurity company revealed an $11.6 billion, seven-year deal to supply computing capacity to artificial intelligence developer Anthropic PBC. The agreement is built around central processing unit workloads, where Akamai said Anthropic’s demand is accelerating. Akamai Cloud will provide the capacity from a distributed network that runs to thousands of points of presence. Anthropic can add as much as $9 billion in further commitments under the terms, for a potential total of about $20 billion. Akamai is also giving Anthropic a possible equity stake.

First reported by SiliconANGLE. This page is a short excerpt; the full text is theirs.