Big companies use FOSS themselves, it makes sense for them to fund it. By being FOSS, they get to benefit from third party contributions for free.
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This kinda also help ensuring the projects don't turn to crap from lack of maintenance.
Tbh I think they might just be providing download servers.
Companies often sponsor FOSS projects, especially if they use them internally. It doesn't mean Cloudflare has any access to data from it.
I mean they also sponsored Let's Encrypt, but nothing nefarious came of it
It means they paid money or provided a service free of charge or with a significant rebate in exchange for advertisement. It's probably no more than that.
Clownflare is trash, but I wouldn’t worry too much about it in this particular case.
They're fighting against AI scrapers, are objectively one of the best CDN providers and they offer a quite decent DNS resolver service. I wouldn't call them trash.