Arora: AI venture investing is driven by excessive euphoria and FOMO
Nikesh Arora · Nikesh Arora on the Frontier Model Problem: Breadth vs Depth | The Future of Token Costs · 20VC with Harry Stebbings · Jun 22, 2026 · at 1:11:06
Nikesh Arora, CEO of Palo Alto Networks and former SoftBank COO, shares his perspective on the current AI investment landscape with Harry Stebbings.
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“My concern would be at this point in time, given the base at which technology is evolving, given the uncertainty in terms of what's going to work, what's not going to work, I'm worried that it might be too much euphoria and a bit of FOMO going around in terms of, oh my god, if I don't invest in something that's interesting in the right founder, I'll be left out.”
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