Ashton Kutcher leaves Sound Ventures for new AI fund with Morgan Beller

Actor and investor Ashton Kutcher is leaving the venture fund Sound Ventures, which he founded together with Guy Oseary about 11 years ago (around 2015), to launch a new venture company with Morgan Beller — according to TechCrunch citing sources.

What the New Fund Will Focus On

Kutcher and Beller's new venture company will invest at the early stage in three directions:

• AI infrastructure
• Energy
• Deep tech (deep technologies)

According to Kutcher, it is in these areas that the next generation of transformational companies will emerge, rather than in yet another wave of AI-based consumer applications.

Why Investors Are Turning to AI Infrastructure

The word "energy" in the new fund's focus is no coincidence: the growth of language models and data centers for their training and inference requires exponentially more electricity than expected just a few years ago, and this need has become one of the main constraints on the pace of AI industry development. An increasing number of venture investors, following infrastructure funds, are shifting capital into this zone — from energy startups to engineering solutions for data centers — betting that demand for such infrastructure will grow along with demand for AI models themselves.

Why This Is a Specialized Fund, Not a General One

Sound Ventures, founded by Kutcher and Oseary about 11 years ago, has become a notable name in the venture community over time with a broad portfolio of bets on consumer and technology startups. The new project with Morgan Beller is organized differently: instead of a broad focus, it concentrates from the outset on infrastructure directions that enable AI growth — from data center energy to deep technologies underlying the next generation of computing.

What Deep Tech Means in the New Fund's Focus

In the venture industry, deep tech generally refers to startups working at the intersection of fundamental science and engineering — from new materials and manufacturing processes to energy technologies, not just software products. Combined with the fund's other two directions, AI infrastructure and energy, this indicates Kutcher and Beller's bet on companies building the physical foundation for AI industry growth, rather than applications on top of existing models.

What This Means

Kutcher's move from the diversified Sound Ventures portfolio to a narrowly specialized AI infrastructure, energy, and deep tech fund reflects a broader trend in the venture industry: capital is shifting from bets on AI consumer applications to bets on the physical infrastructure without which scaling AI models is impossible.

Frequently Asked Questions

When Was Sound Ventures Founded?

According to TechCrunch, Ashton Kutcher and Guy Oseary founded Sound Ventures about 11 years ago — that is, around 2015.

What Directions Will Kutcher's New Fund Focus On?

The new venture company with Morgan Beller will invest at the early stage in AI infrastructure, energy, and deep tech — areas where, according to Kutcher, the next generation of transformational companies will emerge.