Akamai Technologies Inc. (AKAM) secured a landmark $1.8 billion cloud computing contract with artificial intelligence leader Anthropic.
The agreement spans seven years.
This deal provides Anthropic with cloud infrastructure to support surging demand for its AI models.
Akamai initially announced the partnership with an unnamed frontier model provider during its first-quarter earnings call.
Sources later confirmed Anthropic as the partner.
The contract represents the largest customer deal in Akamai’s history.
This partnership validates Akamai's strategy to compete against Amazon and Google in the AI infrastructure market.
Akamai shares surged following the announcement.
The long-term commitment overshadowed a weaker-than-expected forecast for the upcoming quarter.