Elon Musk of Tesla predicts that AI will surpass the intelligence of the smartest human by next year.

Elon Musk, CEO of Tesla, stated on Monday that he anticipates the creation of artificial intelligence that surpasses human intelligence by either next year or by 2026.

In a wide-ranging interview about X spaces suffering from a number of technology glitches, Musk also told Norwegian investment fund CEO Nicolai Tangen that the availability of electricity was limiting AI and that the next version of Grok, his xAI startup’s AI chatbot, was expected to be ready by May.

“If you define AGI (artificial general intelligence) as a smarter human, I think it’s probably next year, within two years,” Musk said when asked about the timeline for AGI development.

The billionaire, who also co-founded OpenAI, said the lack of advanced chips hampered training of Grok’s version 2 model.

Musk founded xAI last year as a challenger to OpenAI, which he has sued for abandoning its original mission of developing artificial intelligence for the benefit of humanity and not for profit. OpenAI denies the allegations.

Musk said that training the Grok 2 model took about 20,000 Nvidia H100 GPUs, adding that the Grok 3 model and beyond required 100,000 Nvidia H100 chips.

But he added that while the lack of chips has been a major obstacle to AI development so far, power supply will be crucial in the next year or two.

Speaking about electric vehicles, Musk reiterated that Chinese automakers are “the most competitive in the world” and pose Tesla’s “toughest competitive challenges.”

He has previously warned that Chinese competitors will destroy global competitors without trade barriers.

Musk also spoke about the union strike in Sweden against Tesla, saying, “I think the storm has passed on that front.”

Tangen said Norway’s $1.5 trillion sovereign wealth fund, one of Tesla’s largest shareholders, had met with the EV company’s chairman last month and received an update on the situation.