Latest news with #MatthewPrince
Business Wire
10 hours ago
- Business
- Business Wire
Cloudflare Earns New Landmark Global Privacy Certifications, Building Trust Worldwide
SAN FRANCISCO--(BUSINESS WIRE)-- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it is among the inaugural group of organizations officially certified under two new global privacy standards, the Global Cross-Border Privacy Rules (Global CBPR) and the Global Privacy Recognition for Processors (Global PRP) systems. These brand new certifications, launched by a forum of nine governments, allow organizations like Cloudflare to voluntarily demonstrate their commitment to data protection and privacy standards when moving personal data across borders. With these new certifications, organizations can trust that Cloudflare has audited controls and protections in place around customer data. 'Running a global business is getting more and more complex,' said Matthew Prince, co-founder and CEO at Cloudflare. 'Global standards like the CBPR and PRP are important because they can establish clear, consistent guidelines around data privacy, and make it easier for organizations to scale and do business across borders. Cloudflare has a long history of putting privacy first – helping build new industry protocols, building it into our products by default, and now we're one of the first organizations to achieve these new global certifications.' The Global CBPR and Global PRP certifications were established by nine governments in the following locations: Australia, Canada, Japan, Mexico, the Republic of Korea, the Philippines, Singapore, Chinese Taipei, and the United States. The United Kingdom, Bermuda, Mauritius, and the Dubai International Financial Centre (DIFC) are CBPR Associate Members. These two new certifications help to bridge varying data protection laws from around the world, and allow companies to demonstrate their compliance to an internationally-recognized standard. The Global CBPR and Global PRP are a set of data protection and privacy standards to support the safe and secure movement of personal data across borders and build trust with consumers and businesses alike. The certifications cover 50 requirements on how organizations should collect, manage, and safeguard personal information in their custody, based on nine guiding principles, including: Preventing Harm Notice Collection Limitation Uses of Personal Information Choice Integrity of Personal Information Security Safeguards Access and Correction Accountability Cloudflare is also currently certified under ISO 27701 and ISO 27018, which establish guidelines for how organizations process personally identifiable information (PII) in public cloud environments; as well as being verified compliant to the EU Cloud Code of Conduct. The EU Cloud Code of Conduct is recognised under the GDPR in the 30 EEA countries (Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden). To learn more, please visit the resources below: About Cloudflare Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company on a mission to help build a better Internet. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare's connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business. Powered by one of the world's largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe. Learn more about Cloudflare's connectivity cloud at Learn more about the latest Internet trends and insights at Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'should,' 'expect,' 'explore,' 'plan,' 'anticipate,' 'could,' 'intend,' 'target,' 'project,' 'contemplate,' 'believe,' 'estimate,' 'predict,' 'potential,' or 'continue,' or the negative of these words, or other similar terms or expressions that concern Cloudflare's expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding Cloudflare's compliance with global privacy certifications, including Global CBPR and Global PRP, the impact to Cloudflare and its customers if and when Cloudflare achieves privacy certifications, the benefits to customers from using Cloudflare's products and technology, the expected functionality and performance of Cloudflare's products and technology, Cloudflare's global network, Cloudflare's technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare's CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare's filings with the Securities and Exchange Commission (SEC), including Cloudflare's Quarterly Report on Form 10-Q filed on May 8, 2025, as well as other filings that Cloudflare may make from time to time with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare's forward-looking statements, and you should not place undue reliance on Cloudflare's forward-looking statements. © 2025 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
India Today
24-05-2025
- Business
- India Today
Cloudflare CEO warns AI will make it very hard to be a content creator, says people might not see their work
The way people use the internet is changing, and it could spell trouble for content creators, according to Cloudflare CEO Matthew Prince. Speaking to CNBC, Prince warned that as more users turn to AI for quick answers, fewer people are visiting the original websites where that information comes from. This shift could have serious financial consequences for creators who rely on advertising and think that the economy is for sure changing,' Prince said. 'What's changing is not that fewer people are searching the internet. It's that more and more of the answers to Google are being answered right on Google's page.'AI tools and search engines are increasingly offering direct answers without linking back to the source. That means readers are less likely to click through to articles, videos, or posts, cutting creators off from revenue. 'If you're making money through subscriptions, through advertising, any of the things that content creators are doing today, visitors aren't going to be seeing those ads,' Prince said. 'That means it's gonna be much, much harder for you to be a content creator.' To protect their work, Prince suggested creators take steps to stop AI bots from accessing their content for free. He believes tech platforms and content producers need to work together to create fair fuel that runs these AI engines is original content. So that content has to get created in order for these AI engines to work,' he explained. 'What content creators have to do is restrict access to content, create that scarcity, and say, 'you're not going to get my content unless you're actually paying me for creating that content.''Despite the warning, Prince sees opportunities too, especially for creators producing strong, original work. 'Original content that is actually highly valuable is, I think, going to be more valuable in this future,' he comments come amid growing debate around how AI systems are trained and how they use content from across the web. Several publishers have already blocked AI crawlers from accessing their sites, while others are negotiating licensing deals with AI also said AI could be a helpful tool in workplaces if used the right way. In a separate interview with Business Insider, he explained that Cloudflare is using AI to support employees—not to replace them.'AI has helped us not replace people, but help make people better,' he said, describing AI as giving workers 'superpowers' to do their jobs more AI becomes more embedded in how people search and consume information, Prince's message is clear: creators must adapt quickly. If they don't take steps to protect and monetise their work, they risk being left behind in a fast-changing digital economy.
Business Insider
23-05-2025
- Business
- Business Insider
Cloudflare CEO warns content creators to lock up their work amid AI boom
Cloudflare's CEO has issued a stark warning for content creators. Matthew Prince said creators could lose out on advertising cash as people turn to AI for search purposes. He suggested creators work with tech companies to block AI bots from accessing their work without paying. Matthew Prince, the billionaire cofounder and CEO of cybersecurity giant Cloudflare, told CNBC on Wednesday that creators need to push back as more of their value is captured directly by AI searches. "I think that the economy is for sure changing," Prince said. "What's changing is not that fewer people are searching the internet," he continued. "It's that more and more of the answers to Google are being answered right on Google's page." Creators may miss out on ad views and subscription sign-ups as search engines and AI bots can now provide answers to search queries while sending fewer people to the original source, which Prince said could spell trouble for content producers. "If you're making money through subscriptions, through advertising, any of the things that content creators are doing today, visitors aren't going to be seeing those ads," he said. "That means it's gonna be much, much harder for you to be a content creator." Moving forward, Prince suggested that creators should work with tech companies to block AI bots from accessing their work without paying. "The fuel that runs these AI engines is original content. So that content has to get created in order for these AI engines to work," he said. "What content creators have to do is restrict access to content, create that scarcity, and say, 'you're not going to get my content unless you're actually getting paying me for creating that content.'" But Prince said there was still some cause for optimism, particularly for those creating "valuable" work. "Original content that is actually highly valuable is I think going to be more valuable in this future," he said. The exec has also spoken about what he sees as AI's potential upside for businesses and how the technology can supplement real workers' skills.
NDTV
23-05-2025
- Business
- NDTV
'Does Tim Cook Get Them?' Cloudflare CEO On Spam $54 Million Buyout Offer
Matthew Prince, co-founder and chief executive officer (CEO) of IT service management company Cloudflare, was stunned after receiving a random email offering to buy his $54 million company. He wondered how big a company had to be before the spam emails finally stopped. On social media platform X, Mr Prince shared the screenshot of the email received. It reads, "Hey Matthew, we have a private equity firm in our network who is very interested in acquiring Cloudflare. Given their mandate, this opportunity is an excellent match." It further asked, "Would you be open to discussing this opportunity?" Mr Prince wondered if CEOs of tech giants Microsoft and Apple also received such spam emails. He wrote, "At what size company do you think you stop getting these spam messages? Like do you think Tim Cook, Satya Nadella, Jensen Huang, Mark Zuckerberg still get them?" At what size company do you think you stop getting these spam messages? Like do you think Tim Cook, Satya Nadella, Jensen Huang, Mark Zuckerberg still get them? — Matthew Prince ???? (@eastdakota) May 21, 2025 The post quickly went viral, with many social media users sharing their opinions in the comments. One person wrote, "You really think people at the top read their emails? They are read by an assistant who cherry picks the most relevant emails and sometimes sprinkles in reality as long as it's not too jarring." You really think people at the top read their emails? They are read by an assistant who cherry picks the most relevant emails and sometimes sprinkles in reality as long as it's not too jarring. — uɐpʇou@ ✸ (@notdan) May 21, 2025 "You know it would be hilarious if you actually replied and said yes (laughing emojis). Then record everything. Instant hit," commented another. You know it would be hilarious if you actually replied and said yes ???? Then record everything. Instant hit. — Ilya Arbabi | Building Bono (@eeleeyaa) May 21, 2025 Someone asked asked, "Do you still get job offers at other companies too?" Mr Prince replied, "Very rarely. And usually when they think they're emailing another Matthew at the company." Very rarely. And usually when they think they're emailing another Matthew at the company. — Matthew Prince ???? (@eastdakota) May 21, 2025 Cloudflare, Inc. is an American firm that offers a variety of services, including ICANN-accredited domain registration, wide area network services, reverse proxies, cybersecurity, DDoS mitigation, and content delivery network services. Cloudflare generated $1.4 billion in revenue last year and has a market valuation of $54.25 billion, according to Forbes.
Hindustan Times
22-05-2025
- Business
- Hindustan Times
Random email to buy $54 billion company leaves CEO amused: ‘Does Satya Nadella still get spam?'
The CEO of Cloudflare was recently left amused by an email with an 'offer to purchase' his company. Matthew Prince, the co-founder, executive chairman, and chief executive officer of Cloudflare, took to the social media platform X to share a screenshot of the email, wondering how much bigger the company would have to grow before he stopped receiving such emails. For some context, Cloudflare is a web infrastructure and security company that provides a variety of services to make websites faster, safer, and more reliable. According to Forbes, it has a market capitalization of $54.25 billion and reported $1.4 billion in revenue last year. Matthew Prince received an email from a 'private equity firm' offering to purchase Cloudflare, which he dismissed as spam. 'We have a private equity firm in our network who is very interested in acquiring Cloudflare. Given their mandate, this opportunity is an excellent match. Would you be open to discuss this opportunity?' read the email. Prince first dismissed the offer as spam, then wondered whether the CEOs of tech giants like Microsoft and Apple still received bogus offers like he does. 'At what size company do you think you stop getting these spam messages? Like do you think Tim Cook, Satya Nadella, Jensen Huang, Mark Zuckerberg still get them?' he wondered. 'You really think people at the top read their emails? They are read by an assistant who cherry picks the most relevant emails and sometimes sprinkles in reality as long as it's not too jarring,' one X user answered. 'Do you still get job offers at other companies too?' another asked. The CEO of Cloudflare responded, 'Very rarely. And usually when they think they're emailing another Matthew at the company.' (Also read: This Indian-origin CFO's salary was higher than Sundar Pichai and Satya Nadella in 2024)
