Artificial Intelligence is much more than you think!!!

There has been a lot of fuss about Artificial Intelligence and how it is going to affect the world. When famous personnel like Elon Musk or Stephen Hawking comments negatively about AI, in the current situation I beg to differ that they might be wrong.
Even though Machine Learning and Deep Learning Algorithms are evolving in a much higher pace, currently they do not pose a threat to humans in any manner. This is because these algorithms require large data to understand the problem that they addressed. And the research community is not in a state where they could develop models that can understand with a few data.
But as i said, these algorithms are moving exponentially. We are not far away from the state of singularity. When the Artificial Intelligence models reach a fairly good amount of intelligence, the people would already see it changing the world.