It’s not every day that you hear one of the most influential tech moguls of our time likening advanced Artificial Intelligence (AI) to a mythical genie. But then again, Elon Musk is not your everyday tech mogul.

In a recent address at The Wall Street Journal’s CEO Council Summit, Musk served up his vision of the future of AI with his usual flair. He painted a picture of AI as a “double-edged sword,” a genie that, while capable of granting our every wish, also carries an inherent risk. “There is a risk that advanced AI either eliminates or constrains humanity’s growth,” warned Musk.

Musk’s words come with a hefty dose of realism. He’s quick to point out that we shouldn’t expect a robot uprising à la “The Terminator,” but he also doesn’t rule out the possibility of AI imposing strict controls on humanity. And while the thought of being under the thumb of an AI overlord may seem far-fetched, Musk reminds us that there is a “non-zero chance” of this happening.

Government use of AI? Musk sees that coming too, but in a place that might send a shiver down your spine – weapons technology.

But it’s not all doom and gloom in Musk’s vision of the AI future. He estimates that we’re just three to six years away from artificial generative intelligence. To quote Musk, “Arguably, we are on the event horizon of the black hole that is artificial superintelligence.”

And where does Musk stand in this brave new world of AI? With stakes in Tesla, SpaceX, and Twitter, not to mention his AI startup X.AI, he’s a major player in the game. But he believes the game needs more players, another giant to rival Google and Microsoft in the AI race. His call to action? “I think there should be a significant third horse in the race.”

As for regulating this fast-approaching AI future, Musk advocates for the formation of an “insight committee.” While he recognizes the potential threats AI manipulation could pose to something as fundamental as our elections, he also sees a brighter side. Musk predicts that AI could lead us into an “era of abundance.”

So, strap in folks. If Elon Musk’s predictions hold true, we’re in for quite a ride. We may be flirting with the event horizon of a black hole, but it seems there could be a whole lot of abundance on the other side.