Current State of Affairs: The field of artificial intelligence (AI) has witnessed rapid advancements in recent years, with widespread applications in various sectors. As AI technology continues to evolve, it is crucial to assess the associated risks and benefits comprehensively. Research Objective: The primary goal of this study is to analyze the risks and benefits linked to the development of AI. We will delve into the multifaceted landscape of AI's impact on society, focusing on its potential advantages and challenges. This research aims to provide an up-to-date overview of the current state of AI. Research Methods: To achieve this objective, we will employ a mixed-methods research approach, including: 1. Literature Review: We will conduct an extensive review of academic and non-academic sources to gather insights into the latest AI developments, applications, and the associated risks and benefits. 2. Surveys and Interviews: Primary data will be gathered through surveys and interviews with AI experts, policymakers, and individuals affected by AI technologies. This qualitative data will provide real-world perspectives on the subject. 3. Quantitative Analysis: Quantitative methods will be used to analyze data related to AI adoption, economic impacts, and employment trends, allowing us to quantify the benefits and drawbacks of AI development. Results: The research is ongoing, and we anticipate the following outcomes: 1. Current State of AI Development: A comprehensive overview of the present status of AI, including its applications across various sectors and its rapid growth. 2. Identified Risks: A detailed analysis of potential risks associated with AI, such as security concerns, ethical dilemmas, and societal implications. 3. Realized Benefits: An examination of the tangible benefits already derived from AI technology, including advancements in healthcare, enhanced industry efficiency, and improved quality of life. 4. Public Perceptions: Insights into how the general public perceives AI, its impact on their lives, and their concerns regarding its development. Conclusion: This research endeavor seeks to provide a holistic understanding of the risks and benefits associated with AI development in today's context. It aims to offer valuable insights that can inform policymakers, industry leaders, and the general public as we navigate the dynamic landscape of artificial intelligence.