Azeem Azhar

And that's how we're going to do that.

And so that auditing itself is

ends up being problematic, whereas a price discovery mechanism, which I think what you've suggested, what I've suggested, helps you get there more efficiently, seems like it might work.

But then we have this price discovery mechanism and we have this efficiency across the market.

And then we have what I can only describe as a socialist suggestion from you, which is that smaller companies should sort of pro rata pay much, much less than bigger companies or perhaps

smaller publishers should get more value than bigger publishers because we need them in the soup.

If you're New York Times or Reddit, you have the capabilities to do that.

So Cloudflare sounds like you might act as the agent for smaller publishers in some ways, as you have in terms of protecting our websites for years and years.

But is this something that the market can actually, the market participants can figure out?

Or is this something where Congress in particular needs to come in with a particular point of view?

I mean, a few days ago, President Trump said that

AI training is akin to reading a book or an article and many people who are doing research and writing say, well, that's not the case because it's used in a very, very different way.

I'm just curious about how you think we equilibrate, right?

We get to this new equilibrium and what help we need from Congress or the president or anyone else.

Let's go back to that point about machine scale.

One of the things that my team and I calculated was that we reckoned that at some point this summer, more tokens, which represent about three quarters of a word, were produced by machines talking to humans or to other machines than are produced by the entirety of humanity.

And of course, that wasn't the case five years ago.

And by the winter, they will be far ahead of us.

And you talked about how internet traffic, which has a lot of bots right now, will be vastly dominated by bots.

And part of that will be this idea of the agent, thousands of agents that each of us will have across this agentic web going back and forward.