In the fast-moving world, it is noticed that every industry is developing gradually, but recently it is identified that the use of AI has become the talk of own. Therefore, this study is focused on gathering data regarding the AI on how it has transformed the entire world’s corporate sector. The essential application AI in the business world helps the business to perform better in the corporate sector. In this paper, the critical role of artificial intelligence is to grow business in different sectors and also address its ethical and unethical issues. The paper has all the initial background and comprehensive literature regarding AI and machine learning. It is discovered how the technological world has been striving to take their business on to new heights, which requires updated technological changes in internal business activities. Companies can now effortlessly interact with their customers in making their application accessible for the end-users through implementing AI and machine learning. Companies are getting higher profitability and enhancing their performance and achieving economic advantages by integrated AI. Moreover, their technological developments will take human jobs in the future, so, it is suggested that humans should work on their skills and competencies so that they can deal with unemployment.