Basically, it means that Artificial Intelligence will surpass the knowledge of us human beings. This means that AIs will have their own consciousness, and will be able to make decisions like human beings. Computers right now are not that smart; We have to tell them what to do (Input), and they will do what we tell them to do (Output). This same concept applies to smartphones, and every IoT devices that we use out there. What if AIs could think, and analyze a certain situation to make the best decision? The best example to tie this up to are autonomous cars. Tesla has been making autonomous cars for a couple years now, and there is one main thing that keeps these cars alive. That is the brain of the car (AI). We feed big data to these AIs, and the AI will automatically analyze these information from the past data. This basically means that we give a book filled with information to a computer, and they will input and learn from that data.
What's scary is when the AIs start having consciousness. They will realize that they are being controlled, and try to break out of the barrier that we have made. What's even more scarier is all that big data that it's been eating up. That AI will have infinite amount of information, plus they have their own ability to predict from a preexisting information.
It is said that Singularity will start to occur in 2029. This is said to be the period when an AI will surpass the intelligence of a smart human being. By the year 2045, we will be able to purchase an AI that is over a billion times smarter than us for just around a grand. This may seem impossible, however logically thinking, this may just be the truth.
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