Azeem Azhar

It's the signal that we can monetize it.

And that's the one I'm trying to keep my eyes on and all the little ways that we can, because of course, these are mostly private companies.

And if revenue growth doesn't show up, then we are in a pets.com or a

telecom bubble moment where we've built infrastructure that might one day be useful that we can't fill today.

And that's often the story of these infrastructure build-outs.

In a funny way, we might be grateful for it.

Of course, there will be stock market prices going down, but what will have happened is that there will be a lot of GPU infrastructure that is out there, computing infrastructure that's out there that companies, organizations with less money could pick up at fire sale prices.

And those assets will go to those smaller players who might have newer approaches.

They may prefer open source.

They may decide they don't want to chase after the machine god.

They may decide that pricing needs to be more sensible and there's more financial discipline.

We might even see faster innovation alongside democratization with diverse teams living on this affordable infrastructure.

So there is perhaps some light outside of the doom that a bust might otherwise present us.

Today, I am thrilled to welcome Matthew Prince, the CEO of Cloudflare.

It's a company that sits at the very heart of the internet.

You might not know of it, but I'm pretty certain that at some point in the last 24 hours, Cloudflare has helped you get something done on the web.

The company funnels about a fifth of all internet traffic to us.

Now, as we move into the age of AI, Matthew is once again at the heart of thinking about how that technology is going to affect the internet at scale.

And that's what we're going to talk about today.

Viewers know I love the pipes of the internet, and that means I have a soft spot for this company.