Billionaire investor Chamath Palihapitiya has gained notoriety over the years for investing in technology companies and specific growth sectors, including through a handful of companies that went public via SPAC mergers.
Palihapitiya has a new idea that could transform the software market.
What Happened: The rising use cases for artificial intelligence were apparent in 2023 with the increasing popularity of ChatGPT and the development of apps capable of saving companies money and performing tasks that could lead to job automation.
Palihapitiya now appears eager to expand on the growth of artificial intelligence in a move to transform businesses.
"I'm starting an incubator. Funded entirely by me. It's called 8090. Tell us what enterprise software you use and my team and I will build you an 80% feature complete version at a 90% discount. We are using AI and offshoring to make this happen," Palihapitiya tweeted.
Palihapitiya’s proposal might enable businesses to avoid ...