Chamath Backs AI Startup Betting It Can Undercut SAP, Oracle on Cost

Venture capitalist Chamath Palihapitiya has raised $135 million for 8090, an AI coding startup he founded last year, and taken the CEO role himself. The pitch: rebuild business software to handle 80% of tasks at 90% lower cost than established vendors like SAP and Oracle. His direct involvement signals personal conviction rather than passive investment.