Chamath Backs AI Startup Betting It Can Slash Enterprise Software Costs

Venture capitalist Chamath Palihapitiya has raised $135 million for 8090, an AI startup that builds business software faster and cheaper than traditional companies like SAP and Oracle. He's also taking the CEO role himself—a sign he's deeply committed to the idea, not just investing passively. The bet: AI can deliver software at 90% lower cost while keeping 80% of the features businesses actually need.