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00:02Akamai Technologies on Thursday announced an expanded agreement with Anthropic worth $11.6
00:08billion in contractual commitments over seven years. The deal will support Anthropic's growing
00:14CPU workload demands through Akamai Cloud's distributed AI infrastructure and software.
00:19Akamai issued Anthropic a warrant for preferred stock equal to up to about 5% of shares outstanding
00:25on an as-converted basis. About 2% is expected to vest with the $11.6 billion commitment,
00:32while another 3% could vest if Anthropic spends an additional $9 billion. Akamai estimates about
00:38$5.5 billion in capital expenditures tied to the agreement, including $1.7 billion in additional
00:442026 spending. The company expects no impact on its 2026 revenue guidance. Akamai shares rose 16.66%
00:52in after-hours trading Thursday, according to Benzinga Pro Market data.
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