Technologies today are limited by human thougth. The Singularity is when technology evolves to a point where it can improve itself faster than humans can think of technology improvements. Here's an interview with an author who has written about the Singularity.
"Intelligent nanorobots will be deeply integrated in our bodies, our brains, and our environment, overcoming pollution and poverty, providing vastly extended longevity, full-immersion virtual reality incorporating all of the senses, “experience beaming,” and vastly enhanced human intelligence."
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