Artificial Intelligence (AI) is a unique innovation. It is different in the way that it has ability to think, reason, and solve problems. The efforts now is towards making general AI which mimics human brain capability. It is expected that AIs will affect almost everything connected to human life e.g. ethics, privacy, security, employment, economy, healthcare etc. Creating intelligent machines is not without concerns and ethical issues when it comes to how safe they will be, and how to ensure that they will not harm humans and other morally relevant creatures. Additionally, how they might differ from humans in concerning ethical issues associated with privacy and confidentiality. Moreover, As AI progress gets accelerated, more robots and autonomous systems will be created and replace the human labor. In contrast, AI has its advantages. It has many applications that would lead humanity towards making this planet a better place to live. If we look around us, on the one hand, we seem to embrace the change being brought by technology, be it smart home, smart healthcare, Industry 4.0 or autonomous cars. On the other hand, we often found ourselves protesting against the government in the context of unemployment, taxes, privacy etc. As AI development is speeding up, more robots or autonomous systems are being born and replacing the human labor. This is the current situation; however, in long-term, results seem to get more interesting. Throughout this essay, we will cover the major domains where human life is significantly affected by AI in both positive and negative ways.