During a panel, Ashton Kutcher said that companies not using AI tools like ChatGPT will shutter.
The actor and investor said AI like ChatGPT has the "power" and "potential" to benefit humanity.
Sound Ventures, his VC firm, launched a $240 million AI fund this month.
Stars, they're just like us — they have been taken aback by AI tools like OpenAI's ChatGPT.
In fact, actor-turned-investor Ashton Kutcher is so impressed that he thinks businesses that aren't using AI tools will suffer.
"If you're a company, and you're sleeping on this, you're probably going to be out of business," he said about ChatGPT during a panel at the Milken Institute's Global Conference on Monday. "It's that good and that powerful from a utilization standpoint."
He said that AI has the "promise" and "potential" to benefit a range of industries.
Education, for instance, will be revolutionized by AI, Kutcher said. Large language models, he added, are excellent at the analogies and metaphors," which means they can break down complex concepts like "homomorphic encryption" — or the process of performing tasks on encrypted data — in an easy, digestible way.
"The ability to have an always-on tutor that is personalized to you is an extraordinary advantage," Kutcher says. "We're going to have students and kids and people across the world that are going to be able to use this to learn about something in a way that they've never learned about it before."
It's not just students. Kutcher thinks that AI can make professional services accessible to all.
"We're going to have personalized medicine; we're going to have personalized law; we're going to have personalized education; we're going to personalize everything," Kutcher said.
Personalized law, for example, would mean that the people who "can't afford" legal services will finally be able to access them at a lower price:"One paralegal can have 1,000 AI agents working underneath them," he said.
"I look at AI as an equity and inclusion play that is massive," he says.
Kutcher's thoughts on AI come in response to the meteoric rise of generative AI tools. ChatGPT attracted over 100 million users two months after it launched last November, inspiring people to use the chatbot to boost their productivity and make their lives easier. Some are even using it to start their own businesses.
The buzz around these AI tools could be why Kutcher's venture capital firm launched a $240 million AI fund this month that already has investments in major AI companies like OpenAI, Anthropic, and Stability AI, Variety reported. He said that his firm will continue to support AI startups for the long haul.
"We believe this is potentially the most significant technology we will experience since the advent of the internet," Kutcher told Variety in a statement. "The foundation model layer companies are defining the category, and, in our view, they have the power to transform businesses and everyday life."
Read the original article on Business Insider