Akamai surges on big LLM deal as Cloudflare dims

Akamai announced a $1.8 billion deal with Anthropic, while Cloudflare cut about 20% of its staff, Akamai's largest deal in history secures its position in AI workloads. Akamai won the deal against stiff competition and expects to start taking revenue later this year. This development contrasts with Cloudflare's realignment around AI.