Robot overloads ruling humanity has been a common theme in movies and dystopian novels for the past half century. Today, smaller-scale, more realistic concerns, like whether Alexa is eavesdropping on conversations, has captured the collective conscience. As technology rockets forward, the question of what happens once artificial intelligence (AI) surpasses human intelligence is becoming a very real concern. The gap between fiction and reality is shrinking faster than ever and although claims of impending robot overlords are premature, it is not clear whether the ever-quickening pace of AI development is one that puts the world on a path towards utopia or dystopia. Emerging AI applications are radical in themselves and worthy of concern. The potential for unintended consequences, misaligned application, and loss of control are all significant risks inherent in the technology. Yet, currently, funding for research into AI safety is less than 2 percent of the funding into AI development. This is at a time when entities such as China and Facebook are increasingly looking towards using AI for social management while new applications such as driverless cars loom on the horizon. The current trajectory of AI development is reckless, misdirected, and ultimately poses a significant threat to the potential benefits of the technology.