Sure but you can totally contrive scenarios to give the appearance of what you described without really doing anything notable.
What matters is scale. Did it deploy a novel zero-day exploit to overcome a problem? That's alarming. Did it kill a disruptive process? Pretty normal troubleshooting step.
Exactly, intelligence is limited by cost and physical constraints just as much as anything. That's the thing that seems to always be missing from the run-away singularity discussions, it's treated like a perpetual motion machine.