Updated: 1-Akamai and Anthropic sign a cloud services agreement worth $11.6 billions

Stock price performance supplemented, see details in paragraphs 2-3

Reuters, September 24 - Anthropic has signed a cloud services agreement worth $11.6 billion with Akamai Technologies AKAM.O. The artificial intelligence lab is seeking additional computing power to support its growing workloads.

This seven-year contract may increase by another $9 billion, bringing the potential total commitment to around $20 billion. In after-hours trading on Thursday, Akamai’s share price surged by 15%.

Akamai has also issued Anthropic a warrant that could give it up to 5% of the company's outstanding common stock, about 2% of which is expected to vest under the initial $11.6 billion commitment.

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