The singularity to me, is at best a bad case of seeing a trend and assuming it will forever stay exponentially growing. This mistake has been famously made countless times. Can you really imagine a state of _infinite_ scientific growth and technological development? Of course not. There are upper bounds on what even a planet of scientists and computers can do. Moreover, this singularity hype comes at a time of "austerity" where public funding is decreasing--that should be your biggest indicator of the direction we're going.
At worst, the singularity is a kind of cult-like pseudo-science. And "singularity" is only the newest word for it. Futurists, designers and scientists have been foretelling "leaps and bounds" changes since forever, always ending in disappointment. But sometimes including the sale of vitamins and snake oil that promise longevity.
In the West, our biggest tech companies are scams or making not money (or arguably, social good) at all. Government contracts finance sparse private tech investment. Thought leaders tell of a bright future, only slightly tuned from past futurism to include the latest buzz words. This is a Potemkin village, a carrot on a stick.
Meanwhile China has built out a sprawling high-tech train network, leads the world in wireless infrastructure and even smartphones (sorry, Apply :( ) and is aiming to go 100% electric vehicles. The East and West seem at polar opposites, but still the closest thing to the singularity is in places like Shenzen, China. New operating systems, collective effort towards RISC-V. Even some rumoured use or CRISPR.
But hey, in the West we're making "Twitter but for video" and half a dozen Electron-based Slack-clones! Maybe our multi-billion dollar Pentagon spending will lead to an new fighter jet that works, but I think there is hardly a world-wide effort towards the singularity concept which seems impossible to begin with.