Advanced technology Artificial Intelligence (AI) is represents human intelligence. AI allows computer programs to learn from experience through iterative processing and algorithmic training. It’s getting smarter with each successful round of data processing as each interaction gives AI system a chance to test and measure solutions and get better at the task to do much more miracle. Today, AI becomes a hot topic in the recent time, and many debates have risen like, how it might affect the job market and what is the end of its use. General mass worry is that, many people will lose their jobs due AI. On the other hand, few technology lover people think that, it will lead to create lots of diversified and interesting jobs. Many experts think that, it will have a big impact on the workplace and all aspect of life in near future. Now it is true that, AI has the ability to make jobs more creative, lucrative and flexible, and will lead definitely to a more creative and skilled economy. But it is reality that, the advanced technologies are usually starting to take away more jobs than they create, and unfortunately this trend will continue. Nowadays, there have been many ideas for how to solve this problem, and there is education and skill develop program with schooling system need to be introduced. As, there isn't enough work for everyone in the world, so the whole life style and education system needs to be changed, and to reorganize every aspect to make those more purposeful. It is an analytical study to evaluate the future prospects and challenges of AI along with the consequences of globe and find how to prepare ourselves to mitigate those.