Cloudflare CFO Thomas Seifert said during the company’s Q2 2026 earnings call that non-human internet traffic could outpace human traffic by a factor of 1,000 within five years, after machine-generated activity surpassed human traffic on Cloudflare’s network in May 2026, earlier than the company’s prior 2027 target. By Q2 2026, bot-generated requests accounted for 57.5% of total volume on Cloudflare’s infrastructure, while the company reported $696 million in quarterly revenue, up 36% year over year. Elon Musk endorsed Cloudflare’s outlook, saying AI-driven, or agentic, traffic will "obviously VASTLY exceed human usage" and that the forecast is accurate. Michael Burry pushed back, arguing the milestone may be less meaningful than it appears and saying it remains unclear "who will pay for AI agents to socialize." The debate comes as Amazon, Alphabet, Meta, Microsoft and Oracle are projected to spend about $800 billion combined on capital expenditures this year, much of it tied to AI systems and data centers.