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It's not a misunderstanding, it's a different theory that also falls under the umbrella of "singularity". http://yudkowsky.net/singularity/schools

To me, the name actually seems like a better fit for Vinge's or Good/Yudkowsky's predictions than Kurzweil's. They both have specific "singularity" points, while Kurzweil's "singularity" is just an ever-growing exponential (or super-exponential).

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