The following analysis grew out of a desire to address Elon Musk's ontological argument and the underlying Singularity hypothesis that is popular among AI researchers, AI engineers and the general public. In this essay I demonstrate that although the Singularity hypothesis has the form of a scientific theory, with its share of graphs(always exponential curves), confabulations(i.e. cherry-picked data), and shoddy analysis; in substance the Singularity is nothing more than a religion. Moreover, it is the first scientific theory which rests upon a single unobserved data point which is both imminent and perpetually beyond the grasp of scientists. In spite of this, the theory has recently gained traction due to the combined influence(and aura of credibility) of Elon Musk, Nick Bostrom, and Stuart Russell who have managed to conflate real AI risks with imaginary ones emanating from the Singularity narrative.