![\"All-In](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/07\/108334594-17840290901784029084-47155160917-1080pnbcnews.jpg\")
<\/p>\n<\/p>\n
Tech investor Chamath Palihapitiya<\/a> on Tuesday said artificial intelligence<\/a> usage could negatively impact some companies’ earnings, in part because C-suite executives will have to contend with spending that they “didn’t know existed inside of their organization.”<\/p>\n “CEOs and the CFOs, in my opinion, probably have no idea how much tokenmaxxing<\/a> is going on inside of their organizations,” Palihapitiya told CNBC. “I suspect what’ll happen is one day you’re going to have a miss, and EPS will be off by a few pennies, and the CEO will say to the CFO, ‘What happened?'”<\/p>\n Palihapitiya is the founder of the investment firm Social Capital, the CEO of the AI company 8090 and a host of a tech podcast called “All-In.” He is a controversial figure in Silicon Valley because of his role in heavily promoting special purpose acquisition companies, or SPACs, during the Covid pandemic, many of which have since shuttered<\/a> and resulted in substantial losses<\/a> for investors. <\/p>\n “Who didn’t make money? Speculators,” Palihapitiya said Tuesday. “Now, do I feel bad for them? Yes. Were my incentives misaligned with them? Also yes.”<\/p>\n Palihapitiya said there were “some parts” of those investments that worked, but he added that it was a “huge mistake” to promote the SPACs on social media and CNBC. He launched a new SPAC<\/a>, the\u00a0American Exceptionalism Acquisition Corp. A (AEXA)<\/a>, last year, which is designed to target companies in AI, energy, defense and decentralized finance.<\/p>\n In 2024, Palihapitiya founded 8090, a company that’s building a platform where people can collaborate with AI agents to develop enterprise software. The company announced<\/a> a $135 million funding round led by Salesforce<\/a> in June. <\/p>\n Palihapitiya is also one of a growing chorus<\/a> of investors and tech executives who are cautioning that the era of so-called tokenmaxxing, where employers have incentivized staffers to use as much AI as possible, is over. He said in March that his company’s AI spending is trending toward more than $10 million a year, which “feels very scary” as the founder of a small startup.<\/p>\n “Anyways, just sharing our current lived experience as I suspect many other companies are also feeding this revenue ramp without getting any meaningful ROI from it,” he wrote in a post on X<\/a> at the time. \u00a0<\/p>\n Palihapitiya’s comments about AI spend on Tuesday echo the concerns shared by Palantir<\/a> CEO Alex Karp, who sharply criticized<\/a> OpenAI<\/a> and Anthropic<\/a> for their token-based pricing models earlier this month. <\/p>\n “I’m not throwing shade at them, but something has gone completely wrong,” Karp told CNBC’s “Squawk Box<\/a>.” “The basic view among enterprises in this country is I’m going to chillax and waste my time with tokens.”<\/p>\n
![\"It](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/07\/108334623-17840305971784030594-47155519065-1080pnbcnews.jpg\")