The science of artificial intelligence (AI), which is expanding quickly, has the potential to completely change how we live and work. But it also carries a number of risks and hazards that need to be treated seriously. The risks that could arise from AI are examined in this article along with mitigation strategies. The primary risks of AI include employment loss, the possibility that AI systems may act unethically and morally wrongly, the possibility that AI will be abused, and the possibility that AI will lead to the emergence of new kinds of inequality. In order to secure the ethical and safe use of AI, the article discusses the significance of responsible AI development as well as the need for laws and policies to be put in place.