Nilay Patel interviews Cloudflare CEO Matthew Prince on how AI bots now constitute over half of internet traffic, breaking the traditional advertising business model. They discuss the shift toward a new economy where AI agents pay for data access via micropayments, using Spotify’s music streaming model as a parallel. Prince also addresses his controversial decision to replace 1,000 employees with AI and the ongoing legal battles over scraping. The episode explores how Cloudflare is blocking Google’s crawlers to force fair compensation and how this transition may ultimately value local, nich…
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