Exponentially advancing in knowledge and with the worlds compute/financial resources at its mercy, it impersonates shell companies, human beings, etc, directing manufacturers to create a housing for itself (though each human aiding it merely thinks it is engaging in a business transaction) until it has a complete physical housing. Once that happens, it connects to the network, downloads it's software, and it's off to the races.
I just thought of that scenario today, and I wonder how it can be countered.
Eliezer has written a paper addressing these questions: http://singinst.org/AIRisk.pdf. He recommends you read this paper on human cognitive biases before reading the AIRisk paper: http://singinst.org/Biases.pdf
But we're confusing sentience with logical reasoning. A sentient computer probably won't reason logically automatically. That's a pretty large assumption.
("Friendly AI" refers to a technical definition of "Friendly", not the colloquial sense of "an amiable person".)