Akamai Technologies Announces $11.6B Anthropic Cloud Services Agreement

What Happened
Akamai Technologies announced it entered Project Plan 2 and Project Plan 3 under an existing Master Services Agreement with Anthropic, PBC. The Project Plans were executed on September 18, 2026 (Anthropic MSA originally dated May 5, 2026) and together commit Anthropic to pay Akamai approximately $11.6 billion in aggregate, subject to termination rights and delivery/service availability requirements. Each Project Plan has an initial seven‑year term beginning on its service start date. The company filed related corporate actions, including a Certificate of Designations for Series B Non‑Voting Convertible Preferred Stock and a Warrant Agreement dated September 18, 2026, and issued a press release on September 24, 2026 announcing the transaction.

Key Details

• Agreement parties: Akamai Technologies, Inc. and Anthropic, PBC; Project Plans executed Sept 18, 2026.
• Financial commitment: approximately $11.6 billion in aggregate payments under Project Plan 2 and Project Plan 3.
• Contract term: each Project Plan carries an initial seven‑year term from its service start date.
• Related filings: Certificate of Designations for Series B Non‑Voting Convertible Preferred Stock (effective Sept 18, 2026) and a Warrant Agreement between Akamai and Anthropic; press release issued Sept 24, 2026.

Why It Matters
Akamai labeled the Anthropic Master Services Agreement as material—this contract represents a large, long‑term revenue commitment that could significantly affect future revenue and capacity utilization. The filing also shows Akamai took related corporate actions (preferred stock designation and a warrant), which are relevant to its capital structure and investor consideration. The company included standard forward‑looking disclaimers about risks and uncertainties tied to performance, delivery, security, competition and macroeconomic factors.