The idea that we exist for the sake of progress, and that progress requires unconstrained and exponential growth, is the whip that lashes us. Modern companies are the natural product of this paradigm in a free-market capitalist system. Norbert Wiener called corporations “machines of flesh and blood” and automation “machines of metal.” The new species of Silicon Valley mega companies—the machines of bits—are developed and run in great part by people who believe in a new religion, Singularity. This new religion is not a fundamental change in the paradigm, but rather the natural evolution of the worship of exponential growth applied to modern computation and science. The asymptote of the exponential growth of computational power is artificial intelligence.
The notion of Singularity—that AI will supercede humans with its exponential growth, and that everything we have done until now and are currently doing is insignificant—is a religion created by people who have the experience of using computation to solve problems heretofore considered impossibly complex for machines. They have found a perfect partner in digital computation—a knowable, controllable, system of thinking and creating that is rapidly increasing in its ability to harness and process complexity, bestowing wealth and power on those who have mastered it. In Silicon Valley, the combination of groupthink and the financial success of this cult of technology has created a positive feedback system that has very little capacity for regulating through negative feedback. While they would resist having their beliefs compared to a religion and would argue that their ideas are science- and evidence-based, those who embrace Singularity engage in quite a bit of arm waving and make leaps of faith based more on trajectories than ground-truths to achieve their ultimate vision.
Source: Resisting Reduction: A Manifesto