Chamath Palihapitiya said his software company is moving away from Cursor because it was spending too much on tokens

Venture capitalist Chamath Palihapitiya is getting frustrated over his software startup's rising AI bills.

Jordan Strauss/Invision/AP

• Venture capitalist Chamath Palihapitiya is raising concerns over rising AI bills.
• Palihapitiya said his software startup's AI costs have tripled since November.
• Costs are going up every three months, Palihapitiya said, "My revenues are not."

Venture capitalist Chamath Palihapitiya said he can't believe how much his software startup is spending on AI.