Prometheus 6

The Singularity Institute for Artificial Intelligence

These guys define the Singularity as the technological creation of smarter-than-human intelligence.

A future that contains smarter-than-human minds is genuinely different in a way that goes beyond the usual visions of a future filled with bigger and better gadgets. Vernor Vinge originally coined the term "Singularity" in observing that, just as our model of physics breaks down when it tries to model the singularity at the center of a black hole, our model of the world breaks down when it tries to model a future that contains entities smarter than human.

Human intelligence is the foundation of human technology; all technology is ultimately the product of intelligence. If technology can turn around and enhance intelligence, this closes the loop, creating a positive feedback effect. Smarter minds will be more effective at building still smarter minds. This loop appears most clearly in the example of an Artificial Intelligence improving its own source code, but it would also arise, albeit initially on a slower timescale, from humans with direct brain-computer interfaces creating the next generation of brain-computer interfaces, or biologically augmented humans working on an Artificial Intelligence project.