Chamath Takes CEO Role at 8090, Bets AI Can Cut Enterprise Software Costs 90%

Venture capitalist Chamath Palihapitiya has closed a $135 million Series A for 8090, the AI coding startup he founded in January 2024, and assumed the CEO role. The company's premise: rebuild enterprise applications to 80% feature completeness at 90% lower cost than incumbents like SAP and Oracle. Palihapitiya steps into operations himself rather than install a hired executive—a signal this is a personal conviction bet, not a portfolio holding managed at arm's length.