Artificial Intelligence is widely regarded as a transformative force with the potential to redefine numerous sectors of human civilization. While Artificial Intelligence has evolved from speculative fiction to a pivotal element of technological progress, its role as a truly transformative agent, or transformative Artificial Intelligence, remains a subject of debate. This work explores the historical precedents of technological breakthroughs, examining whether Artificial Intelligence can achieve a comparable impact, and it delves into various ethical frameworks that shape the perception and development of Artificial Intelligence. Additionally, it considers the societal, technical, and regulatory challenges that must be addressed for Artificial Intelligence to become a catalyst for global change. We also examine not only the strategies and methodologies that could lead to transformative Artificial Intelligence but also the barriers that could ultimately make these goals unattainable. We end with a critical inquiry into whether reaching a transformative Artificial Intelligence might compel humanity to adopt an entirely new ethical approach, tailored to the complexities of advanced Artificial Intelligence. By addressing the ethical, social, and scientific dimensions of Artificial Intelligence's development, this work contributes to the broader discourse on the long-term implications of Artificial Intelligence and its capacity to drive civilization toward a new era of progress or, conversely, exacerbate existing inequalities and risks.