Social Capital founder Chamath Palihapitiya warned that unchecked AI token spending could blindside company executives and hurt earnings as the "tokenmaxxing" era reaches its limits.

"CEOs and the CFOs, in my opinion, probably have no idea how much tokenmaxxing is going on inside of their organizations," Palihapitiya told CNBC Tuesday. "I suspect what'll happen is one day you're going to have a miss, and EPS will be off by a few pennies."

Palihapitiya founded AI company 8090 in 2024, which raised $135 million from Salesforce in June to build a platform for AI agent collaboration in enterprise software development.

The investor said his own startup's AI spending is trending toward more than $10 million annually, which "feels very scary" for a small company. He described the experience as "feeding this revenue ramp without getting any meaningful ROI from it."

Palihapitiya joins a growing group of executives questioning token-based pricing models. Palantir CEO Alex Karp criticized OpenAI and Anthropic earlier this month, saying "something has gone completely wrong" with enterprise AI spending approaches.

"The basic view among enterprises in this country is I'm going to chillax and waste my time with tokens," Karp said.

The warnings come as companies have encouraged employees to maximize AI usage without tracking costs carefully. Palihapitiya predicted executives will face unexpected spending that "they didn't know existed inside of their organization."

Palihapitiya also addressed his controversial SPAC promotion during the pandemic, calling it a "huge mistake" to promote the investments on social media and CNBC. Many of those SPACs later shuttered, resulting in substantial investor losses.

He launched a new SPAC last year, American Exceptionalism Acquisition Corp., targeting AI, energy, defense and decentralized finance companies. The Social Capital founder hosts the "All-In" tech podcast alongside other Silicon Valley investors.