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Chamath: “$0.70-75 of Every Dollar” of AI Spend Is VC Money. The Real Winners Are Already Publicly Traded

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October 25, 2026
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[IMAGE CREDIT: Dean Drobot and ภาพของoselote via Canva] Key TakeawaysChamath Palihapitiya estimates that 70 to 75 cents of every dollar spent on AI right now is venture money, spent by AI companies that don’t make a profit. Much of that money ends up at Microsoft, Amazon and Alphabet, and they can survive a shakeout far better than the AI labs paying them.

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