Emergence is a subset of the word Surprise. It's not meaningless but you can't use it to usefully predict things you want to achieve with something, because it's equivalent to saying "If we put all these things together maybe they'll surprise us in an awesome way!"
If something is an emergent property, you can bet on it not being the sum of its parts. That has some use.
http://singularity.org/blog/2013/01/30/we-are-now-the-machine-intelligence-research-institute-miri/
As Risto Saarelma pointed out on IRC, "Volcano Lair Doom Institute" would have been cooler, but this is pretty good too. As the word "Singularity" has pretty much lost its meaning, it's better to have a name that doesn't give a new person all kinds of weird initial associations as their first impression. And "Machine Intelligence Research Institute" is appropriately descriptive while still being general enough.