The rise of ChatGPT and its rivals is undermining the economic bargain of the internet
Around the beginning of last year, Matthew Prince started receiving worried calls from the bosses of big media companies. They told Mr Prince, whose firm, Cloudflare, provides security infrastructure to about a fifth of the web, that they faced a grave new online threat. “I said, ‘What, is it the North Koreans?’,” he recalls. “And they said, ‘No. It’s AI’.”
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This article appeared in the Business section of the print edition under the headline “World wide worries”
From the July 19th 2025 edition
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