The high pacing advancement in the field of technology, especially Artificial Intelligence is becoming a cause of worry to human existence. It is nerve-racking to hear some top researchers, scientists, and leaders talk about the possibility of Artificial Intelligence taking over human intelligence leading to the possibility of technological singularity. It is also known that Eugene Goostman is the very first robot who has passed the Turing Test, though this statement holds a lot of controversies and is ambiguous; it is high time to take the threats that AI possesses to humanity seriously. The human beings will be replaced more and more with robots leading to humanity reach its not so bright apex. This paper focuses on the multiple hypotheses on AI, its threats, and why sometimes it is necessary to give some attention to science fiction.