The capability of new artificial intelligence models will surpass human intelligence by the end of next year, so long as the supply of electricity and hardware can satisfy the demands of the increasingly powerful technology, according to Elon Musk.

“My guess is that we’ll have AI that is smarter than any one human probably around the end of next year,” said the billionaire entrepreneur, who runs Tesla, X and SpaceX. Within the next five years, the capabilities of AI will probably exceed that of all humans, Musk predicted on Monday during an interview on X with Nicolai Tangen, the chief executive of Norges Bank Investment Management.

Musk has been consistently bullish on the development of so-called artificial general intelligence, AI tools so powerful they can beat the most capable individuals in any domain. But Monday’s prediction is ahead of schedules he and others have previously forecast. Last year, he predicted “full” AGI would be achieved by 2029. Some of Musk’s boldest predictions, such as rolling out self-driving Teslas and landing a rocket on Mars, have not yet been fulfilled.