Get All Access for $5/mo

Ashton Kutcher Warns Companies to Embrace AI or 'You're Probably Going to Be Out of Business' The actor-turned-entrepreneur 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.

By Sam Silverman

Opinions expressed by Entrepreneur contributors are their own.

Photo by Jerod Harris/Getty Images

Ashton Kutcher is all for the AI revolution.

The actor-turned-entrepreneur 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."

RELATED: Selena Gomez's 2023 Met Gala Look Went Viral on Twitter, But She Wasn't Even There. Millions of Users Duped By Possible AI-Generated Photo.

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.

Image credit: Jerod Harris | Getty Images - Ashton Kutcher speaking during a panel at the Milken Institute's Global Conference

"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.

RELATED: Ashton Kutcher Says He Was Supposed to be on the Next Virgin Galactic Flight But That He Sold His Ticket Back Because 'It Was Not a Smart Family Decision'

"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.

Sam Silverman

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.

Growing a Business

5 Books to Help You Motivate, Unify and Build Perspective

In a post-Covid world, check out these must-read books to help build a more resilient organization, create a modern work culture and maintain a powerful growth mindset.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Making a Change

Learn All of Rosetta Stone's Languages for $152

A lifetime subscription is nearly $250 off for a limited time.