Kutcher exits Sound Ventures to chase AI power, not just models

ashton kutcher is departing sound ventures, the firm he co-founded 11 years ago, to launch a separate vc fund with morgan beller of nfx. while sound ventures was an early backer of foundation model leaders like openai, anthropic, and world labs, kutchers new firm will focus on early-stage investments in ai infrastructure and energy. this strategic pivot targets the physical and compute layers required to scale ai, rather than model development itself. kutcher will remain an advisor to sound ventures, and both firms will advise each other, highlighting a continued but more specialized focus on the ai ecosystem.