Updated
Updated · Gizmodo · Jul 2
Ashton Kutcher Leaves $2 Billion Sound Ventures to Launch AI Infrastructure Firm
Updated
Updated · Gizmodo · Jul 2

Ashton Kutcher Leaves $2 Billion Sound Ventures to Launch AI Infrastructure Firm

3 articles · Updated · Gizmodo · Jul 2

Summary

  • Morgan Beller and Ashton Kutcher are building an early-stage venture firm aimed at a “post-AGI world,” with Kutcher stepping away from Sound Ventures after more than a decade.
  • Kutcher told limited partners he wants to chase infrastructure, energy and deep tech, saying those bets need different capital structures, time horizons and operating resources than Sound’s current strategy.
  • Sound Ventures manages close to $2 billion, according to a Journal-cited source, and recently put more than $800 million into Anthropic, OpenAI and World Labs.
  • That shift underscores a broader VC thesis that the next AI windfall may sit less in model makers than in the data centers and power projects needed to run them.

Insights

Following a 43x OpenAI return, why is Kutcher abandoning that model for high-risk deep tech?
Does this pivot to AI's 'picks and shovels' signal the AI software application boom is ending?