On September 24, 2026, Anthropic, an AI lab, signed a $11.6 billion cloud services agreement with Akamai Technologies. The seven-year contract could expand by an additional $9 billion, bringing the total to about $20 billion. Akamai shares jumped 15-16% in extended trading. As part of the deal, Akamai issued Anthropic a warrant for up to 5% stake in the company, with about 2% tied to the initial commitment. Akamai plans to increase its 2026 capital spending by $1.7 billion to support the agreement.
We’ll perform a deep-dive analysis of all sources and publicly available external materials, then prepare a structured timeline of events, an in-depth report explaining the background and context, and multiple perspectives.