Business & Economy
Cloudflare posted record revenue, then cut 20% of its workforce. CEO Matthew Prince says AI has made an entire category of workers obsolete
The prospect of AI-related layoffs has been the talk of Silicon Valley and Wall Street since ChatGPT launched its first AI model in late 2022. This year, a handful of tech companies are delivering on that promise.
Summary
The prospect of AI-related layoffs has been the talk of Silicon Valley and Wall Street since ChatGPT launched its first AI model in late 2022. This year, a handful of tech companies are delivering on that promise. Cloudflare is one of the latest to do so. In a Wall Street Journal op-ed published Wednesday, Cloudflare CEO Matthew Prince laid out his logic.
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