The category Prince points to as the cause contradicts him. Agentic is tiny. What actually fills the AI bucket is training scrapers, like GPTBot and ClaudeBot, pulling text to build models, which have been climbing steadily and predate his announcement. He blamed a friendly, fast-growing sliver of agents fetching pages for people and swapped in unfriendly bulk (mass scraping for training). Why? We can guess, but that is exactly the traffic his pay-to-crawl product exists to bill.
Ahem… https://www.flyingpenguin.com/cloudflare-ceo-is-lying-to-you-about-the-bot-traffic-jump/