What are the dangers of singularity?

Could you elaborate on the potential hazards associated with the concept of singularity? As we delve deeper into technological advancements, particularly in artificial intelligence and computing power, it's crucial to understand the risks that may arise from the hypothetical point where technological progress becomes exponential and unpredictable. Are there ethical concerns, societal implications, or economic disruptions that we should be aware of? How might these dangers manifest, and what measures can we take to mitigate them?