timtyler comments on Journal of Consciousness Studies issue on the Singularity - Less Wrong Discussion
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That seems more likely than a secretive monoplolistic agent keeping the technology for themselves from the beginning - and obliterating all potential rivals.
Keeping the technology of general-purpose inductive inference secret seems unlikely to happen in practice. It is going to go into embedded devices - from which it will inevitably be reverse engineered and made publicly accessible. Also, it's likely to arise from a public collaborative development effort in the first place. I am inclined to doubt whether anyone can win while keeping their technology on a secure server - try to do that and you will just be overtaken - or rather, you will never be in the lead in the first place.
Not pessimism, realism, is my assessment. You have to apply your efforts where they will actually make a difference.