Anthropic makes Claude, an AI assistant and model platform used by individuals, developers and businesses for work such as drafting, coding and handling files. The company has committed approximately $11.6 billion over seven years for dedicated Akamai cloud capacity and managed support, according to an Akamai regulatory filing. Akamai disclosed the agreement on September 24 after the companies signed the relevant project plans on September 18.

A Claude user can provide a goal, files and access to tools, then review the resulting answers, code or documents. Developers can call the same models through an API and incorporate them into their own software. Those jobs ultimately run on remote computing infrastructure. The Akamai plans target Anthropic’s growing CPU workloads, although the disclosures do not identify which Claude functions that capacity will handle.

The $11.6 billion is not unconditional revenue for Akamai. Anthropic’s payments depend on delivery and service-availability requirements, and it may terminate a project plan after a qualifying material outage. Both companies also have termination rights for breaches and insolvency. The relationship could expand by up to another $9 billion on mutually agreed terms.

Akamai also issued Anthropic a warrant covering up to 7.74 million common shares on an as-converted basis, or approximately 5% of the shares outstanding, at $111.33 per common share. A first tranche equal to roughly 2% of outstanding shares is tied to Anthropic’s first payment under one project plan. Each further $3 billion of contractual value unlocks another roughly 1%, and Anthropic must pay cash to exercise vested warrants.

Anthropic monetizes Claude through plans for personal, team and enterprise users as well as API access for developers. The API lets customers build applications that call Claude, execute code, use outside tools and work with uploaded files. The Akamai agreement supplies infrastructure for that product stack; it is not financing for Anthropic.

Supplying the capacity requires its own buildout. Akamai estimates approximately $5.5 billion of capital expenditures related to the initial commitment, including approximately $1.7 billion of additional spending in 2026 to pre-purchase memory and other components. Despite the seven-year contract, Akamai said it expects no effect on its 2026 revenue guidance.