Excellent, thank you for the correction and additional explanation

Singularity defines the point in a function where it takes an infinite value, for instance when mathematically modeling a black hole.

Continued exponential growth in technology means that at some point things begin to advance and change so rapidly we have no way to estimate or assess how it impacts our lives and the world around us.

If you can describe a what a singularity will be it’s no longer a singularity.

As to why we are perusing it? Great question. I guess for that you’d have to answer why humans have perused technological progress in general. I’m guessing there are biological/evolutionary factors as well as some philosophical ones to answer it fully.

One thing I know is that you can’t stop change and it would be virtually impossible to stop human progress. Best to accept it will continue to happen until we are no more. Then it’s just a question of how to best cope and capitalize.