Matthew Prince
3 stories
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techAI Bots Now Outpace Human Traffic on the Web, Says Cloudflare CEO
AI agents now generate over 57% of web traffic, surpassing human activity for the first time, according to Cloudflare data, fueling the dead internet theory.
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techCloudflare Posts Record Quarter, Then Axes 20% of Staff-Blames AI
Cloudflare Q1 2026 revenue hit $639.8M, up 34% YoY. CEO Matthew Prince laid off 1,100 staff, citing internal AI that made their roles redundant.
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techCloudflare Tumbles 20% on AI Restructuring Plan Despite Earnings Beat
Cloudflare shares plummeted over 20% as plans to cut 1,100 jobs for an AI-first model overshadowed better-than-expected Q1 earnings, revealing market unease.