Ashton Kutcher Warns Companies to Embrace AI or 'You're Probably Going to Be Out of Business' The actor-turned-BIZ Experiences said AI has the "potential" to instill a lasting impact on a variety of industries during a panel at the Milken Institute's Global Conference.
Opinions expressed by BIZ Experiences contributors are their own.
Ashton Kutcher is all for the AI revolution.
The actor-turned-BIZ Experiences just launched a $240 million AI investment fund, Sound Ventures AI Fund, with music manager Guy Oseary, and he says other companies need to hop on the artificial intelligence bandwagon if they don't want to be left behind.
"If you're a company, and you're sleeping on this, you're probably going to be out of business," Kutcher said while discussing ChatGPT during a panel at the Milken Institute's Global Conference, per Business Insider. "It's that good and that powerful from a utilization standpoint."
He continued to explain how AI has the "promise" and "potential" to impact a variety of industries, like allowing more access to education, medical, legal, and other personalized services at a lower cost.
"I look at AI as an equity and inclusion play that is massive," he added.
So far, Sound Ventures' investment portfolio includes OpenAI, Anthropic, and StabilityAI.
"We believe this is potentially the most significant technology we will experience since the advent of the internet," Kutcher said in a statement to Variety following the news of his latest endeavor. "The foundation model layer companies are defining the category, and, in our view, they have the power to transform businesses and everyday life. That is a conversation we want to be in."
Prior to launching the AI Fund, Sound Ventures was founded in 2015 and manages $1 billion in assets with notable investments from Airbnb, Uber, and Affirm.
What Is Ashton Kutcher's Net Worth?
In conjunction with his various business endeavors and his successful acting career, Kutcher has an estimated net worth of $200 million.
