AI singularity – the idea that AI technology will soon surpass human cognitive ability, start improving itself and ultimately either dominate us or make us obsolete – is a popular, if not the dominant theory regarding the nature and dynamics of AI today. This view, while widely promoted and adopted, seems simplistic and inaccurate. It ignores fundamental limits of growth and the collective nature of knowledge discovery. It also ignores the fact that people develop AI in order to solve their real life problems, within our current technological and social environment, or as one can call it: within our Extended…