BUZZ - Akamai Technologies surges in stock price due to $11.6 billion Anthropic AI cloud services agreement

September 24 - ** Cloud services company Akamai Technologies AKAM.O shares rose 16.7% in after-hours trading to $128.85

** Akamai signed a seven-year, $11.6 billion agreement with Anthropic (link) to provide cloud infrastructure for Anthropic's growing artificial intelligence workloads

** Akamai stated that the partnership could increase by an additional $9 billion, making the potential total commitment about $20 billion

** Akamai issued warrants to Anthropic that could give it up to a 5% stake in the company, with around 2% tied to the initial $11.6 billion agreement

** As of the previous trading session close, AKAM has risen 26.7% year to date

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