Artificial intelligence is the intelligence of machines or software, as opposed to the intelligence of humans or animals. It is also the field of study in computer science that develops and studies intelligent machines. "AI" may also refer to the machines themselves. AI is not a new for the scientist, it was introduce in 1943 with artificial neurons model and get popular in 1950 due to “Turting test” the test was done to get answer that machine can think?, purposed by Alan Turing. Basically AI is categorized into three types, Artificial Narrow Intelligence, Artificial General Intelligence and Artificial Super Intelligence. Deep learning and machine learning is major subfield of Artificial intelligence. DL as a subset of ML, which is also another subset of AI. Therefore, AI is the all-encompassing concept that initially erupted. Application of AI fields are Healthcare, Business, Education, Agriculture, Finance, Law, Entertainment and media, Software coding and IT processes, Security, Manufacturing, Banking and Transportation. In reference to Job creation or distraction, Artificial Intelligence is not job killer but a job category killer”. In the latest report (May 2023) on The Future of Jobs, the World Economic Forum (WEF) predicts the creation of 69 million jobs by 2027 thanks to AI, but also the destruction of 89 million jobs. In context to intelligence level, Jan. 2022, Age of IQ level of AI was as 7 year Children and in Dec. 2022, Age of IQ level of AI was as 9 year Children. India is emerging market in global and it has around 12 % of work could be automated by AI. In India more than 2000 startup are related to AI and 90000 plus AI Professional work in India.The economic impact of AI, for select G20 countries and estimates AI to boost India’s annual growth rate by 1.3 percentage points by 2035. AI has potential to add 1 trillion to India’s economy in 2035. We are going to enter into new technological world, it’s may be our fortune or misfortune. Key Words: - Artificial Intelligence, Machine learning, Job, India