Anthropic's $11.6B Akamai Bet

🔥 What happened Anthropic committed $11.6 billion to Akamai over seven years — over six times the $1.8 billion deal Bloomberg reported in May. Akamai issued Anthropic a warrant for up to 5% of its stock, vesting as Anthropic spends more. 💡 Why it matters The deal could balloon to $20 billion: every extra $3 billion Anthropic commits unlocks roughly 1% more equity. Akamai expects just $150–300M in 2027 revenue, scaling to a $1.7B annual run rate by end of 2028. Notably, Anthropic is betting on CPUs, not GPUs. ⚡ Our take The warrant flips the usual circular AI deal — here the supplier hands equity to its customer, not the other way around. Anthropic locks in compute while letting Akamai ride its growth. Smart, but a clear sign that compute capacity remains scarce and expensive.