This paper will briefly review the history, the emergence and the use of Artificial Intelligence. It will also show that the research in AI, which has enhanced human capacity incredibly, has proved to be the height of human intelligence. We will go on pinpoint the serious implications of the AI, showing how, on the one hand, it is a boon to the society, while, on the other hand, it can turn out to be disastrous for human life and society. While exposing the ever-growing human need and desire for advancements in this area and also human limitations in preventing its further growth, we will point out the alarming controversies involved therein and the havoc it can cause in different spheres like economic, political, social and cultural. Howev...