Meta Plans $13B AI Data Center Financing in Texas Amid Surging Big Tech Investment 
Agentic AI Boom to Drive Massive Growth in CPU Market, UBS Says 
OCBC Q1 Profit Rises 5% on Strong Wealth Management and Non-Interest Income 
Nike Tariff Refund Lawsuit Sparks Consumer Backlash Over Price Increases 
Aker BP Q1 Profit Jumps on Higher Oil Prices and Asset Reversal 
Lufthansa Q1 Loss Narrows as Strong Summer Travel Demand Boosts Outlook 
Apple Explores Intel and Samsung Partnerships to Diversify Chip Supply Chain 
Shell Q1 Profit Surges to Two-Year High as Dividend Rises Despite War-Driven Debt Pressure 
TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit 
Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat 
Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations 
Coinbase Q1 2026 Earnings Miss Sends COIN Stock Lower Amid Crypto Market Slump 
UOB Q1 Profit Meets Expectations as Loan Growth Offsets Lower Interest Rates 
Trump Invites Top CEOs Including Nvidia, Apple, Boeing to China Summit With Xi Jinping 
Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone 
Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally 
In a candid exchange on X spaces, Elon Musk, Tesla's CEO, forecasted a near-future where artificial intelligence surpasses the intellect of the smartest humans by as early as next year.
Despite technical setbacks, Musk's discussion with Nicolai Tangen, CEO of Norway's wealth fund, underscored the rapid advancements in AI, including developments at his own startup, xAI.
Musk's bold prediction spotlights the accelerating pace of AI technology, setting a potential timeline for the advent of artificial general intelligence (AGI) that could redefine human-computer interaction.
Elon Musk Forecasts AI to Surpass Human Intelligence by 2026 in X Spaces Dialogue
On Monday, Elon Musk, CEO of Tesla, predicted that artificial intelligence will be smarter than the smartest human by next year or in 2026, Reuters (via Money News) reported.
In a wide-ranging interview on X spaces marred by numerous technological glitches, Musk also told Norway wealth fund CEO Nicolai Tangen that the availability of electricity limited AI and that the next version of Grok, his xAI startup's AI chatbot, would be trained by May.
"If you define AGI (artificial general intelligence) as smarter than the smartest human, I think it's probably next year, within two years," Musk said when asked about the timeline for development of AGI.
The billionaire, who also co-founded OpenAI, said a lack of advanced chips was hampering the training of Grok's version 2 model.
Musk founded xAI last year as a challenge to OpenAI, which he has sued for abandoning its original mission of developing AI for humanity's benefit rather than profit. OpenAI denies the allegations.
Musk stated that training the Grok 2 model required approximately 20,000 Nvidia H100 GPUs and that the Grok 3 and subsequent models will require 100,000 Nvidia H100 chips.
Elon Musk Discusses AI, Electric Vehicle Competition, and Resolves Union Strike in Sweden
Musk founded xAI last year as a challenge to OpenAI, which he has sued for abandoning its original development mission. However, he added that while a lack of chips has been a major constraint on AI development thus far, the electricity supply will be critical in the next year or two.
Speaking of electric vehicles, Musk reiterated that Chinese automakers are "the most competitive in the world" and pose "the most difficult competitive challenges" to Tesla.
He has previously warned that Chinese competitors will demolish global rivals without trade barriers.
Musk also addressed a union strike in Sweden against Tesla, saying, "I think the storm has passed on that front."
Tangen stated that Norway's $1.5 trillion sovereign wealth fund, one of Tesla's largest shareholders, met with the EV company's chairman last month to receive an update on the situation.
Photo: SXSW/YouTube Screenshot
