Akamai surges on big LLM deal as Cloudflare dims

This week was the best of times for Akamai and the worst of times for Cloudflare. On the same evening, content delivery network mainstay Cloudflare announced it was cutting about a fifth of its staff in a realignment around AI, its competitor Akamai announced a seven-year, $1.8 billion deal with a leading LLM provider that Bloomberg identified as Anthropic. Akamai CEO Tom Leighton said this was the largest deal in the company’s history and that it came after another large, unidentified frontier-model...