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Akamai signs $11.6bn, seven-year compute deal with Anthropic
The agreement can expand toward $20bn, vesting Akamai stock as it grows.
Check our sources · 3 facts from 1 sourceAkamai announced on September 24, 2026 a $11.6 billion contractual commitment over seven years to supply Anthropic with cloud and edge infrastructure. The deal can expand by up to $9 billion more, for a total potential commitment of about $20 billion. Each additional $3 billion tranche vests roughly 1 percent of Akamai's common stock outstanding.
Underlined sentences link to the facts we checked. Dotted words open a short explainer.
Fact 2 of 3 · from Akamai, 24 Sep 2026
The transaction provides for the potential expansion of the relationship by up to an additional $9 billion, which represents a total potential commitment of approximately $20 billion
Fact 3 of 3 · from Akamai, 24 Sep 2026
Each additional $3 billion purchase of cloud services, at mutually agreed upon terms, will result in the vesting of approximately 1% of Akamai's common stock outstanding. 8-K: The three remaining tranches, each representing 20% of the Warrant Shares, will vest and become exercisable successively upon each additional $3.0 billion of contractual value.
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Check our sources
Every sentence above is checked against this source.
1 Akamai Announces $11.6 Billion Multi-Year Agreement with Anthropic
Open the source-
Akamai and Anthropic signed a $11.6 billion contractual commitment over seven years
citeAkamai press release, September 24, 2026: $11.6 billion of contractual commitment over seven years. SEC 8-K (sec.gov, filed September 24, 2026): Anthropic has committed to pay the Company approximately $11.6 billion in the aggregate under the Project Plans ... an initial seven-year term
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The agreement can expand by up to an additional $9 billion, for a total potential commitment of approximately $20 billion
citeThe transaction provides for the potential expansion of the relationship by up to an additional $9 billion, which represents a total potential commitment of approximately $20 billion
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Each additional $3 billion purchase of cloud services vests approximately 1 percent of Akamai's common stock outstanding
citeEach additional $3 billion purchase of cloud services, at mutually agreed upon terms, will result in the vesting of approximately 1% of Akamai's common stock outstanding. 8-K: The three remaining tranches, each representing 20% of the Warrant Shares, will vest and become exercisable successively upon each additional $3.0 billion of contractual value.
Every sentence above is checked against this source. Each fact has its own address you can cite.
Source 1 · Akamai · 24 Sep 2026
Akamai Announces $11.6 Billion Multi-Year Agreement with Anthropic
Akamai and Anthropic signed a $11.6 billion contractual commitment over seven years
Akamai press release, September 24, 2026: $11.6 billion of contractual commitment over seven years. SEC 8-K (sec.gov, filed September 24, 2026): Anthropic has committed to pay the Company approximately $11.6 billion in the aggregate under the Project Plans ... an initial seven-year term
The agreement can expand by up to an additional $9 billion, for a total potential commitment of approximately $20 billion
The transaction provides for the potential expansion of the relationship by up to an additional $9 billion, which represents a total potential commitment of approximately $20 billion
Each additional $3 billion purchase of cloud services vests approximately 1 percent of Akamai's common stock outstanding
Each additional $3 billion purchase of cloud services, at mutually agreed upon terms, will result in the vesting of approximately 1% of Akamai's common stock outstanding. 8-K: The three remaining tranches, each representing 20% of the Warrant Shares, will vest and become exercisable successively upon each additional $3.0 billion of contractual value.
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