I googled singularity because i saw a thread of someone questioning if it could really happen so here is a couple things the page said...

Statistician I. J. Good first wrote of an "intelligence explosion", suggesting that if machines could even slightly surpass human intellect, they could improve their own designs in ways unforeseen by their designers, and thus recursively augment themselves into far greater intelligences. The first such improvements might be small, but as the machine became more intelligent it would become better at becoming more intelligent, which could lead to an exponential and quite sudden growth in intelligence.
then it had a list of potential dangers.......

Berglas (2008) argues that unlike man, a computer based intelligence is not tied to any particular body, which would give it a radically different world view. In particular, a software intelligence would essentially be immortal and so have no need to produce independent children that live on after it dies. It would thus have no evolutionary need for love. But it would have an evolutionary need for power because the first AI that wants to and can dominate the earth will dominate the earth.

Other oft-cited dangers include those commonly associated with molecular nanotechnology and genetic engineering. These threats are major issues for both singularity advocates and critics, and were the subject of Bill Joy's Wired magazine article "Why the future doesn't need us" (Joy 2000).

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