Harry Goldstein is talking sense. Choice bits below, follow the link for the whole dismissal:
Google, NASA Blow Money on Singularity University
In the middle [of] ...economic crisis... comes word that Google and NASA are planning to bankroll and house Ray Kurzweil's Singularity University at NASA's Ames Research Center, not far from the Googleplex. Peter Diamandis, vice-chancellor of Kurzweil's Clown College and current CEO of the X-Prize was quoted by the Financial Times as saying, "We are anchoring the university in what is the lab today, with an understanding of what's in the realm of possibility in the future. The day before something is truly a breakthrough, it's a crazy idea."
We're right with you, Peter, at least the crazy part... As Diamandis says, anything is in the realm of possibility in the future. I might give birth to a litter of kittens when I'm 80. The sun might explode tomorrow. Rod Blagojevich might get a decent hair cut. And Ray Kurzweil might help usher in a beneficent Singularity, one where the machines that are smarter than we can ever even conceive of treat us, as Vernor Vinge once told me, like pets. And that's the good scenario: The machines turn the tables and go all Tamagotchi on us.
Hey, why not? We're already throwing what will wind up being trillions of dollars at an economic mess in part facilitated by financial risk algorithms, the crazy uncles of our future Machine Overlords. What's a few more million dollars, plus a few more good human minds sucked into the thrall of Mr. Kurzweil and his obsessive quest to deny Death...?