As artificial intelligence (AI) continues to permeate various facets of society, its social impact becomes increasingly significant and multifaceted. This chapter presents a detailed examination of the diverse ways in which AI technologies influence society, encompassing both positive and negative ramifications. The positive impacts of AI on society are manifold. Economically, AI has the potential to drive substantial productivity gains across industries through automation, optimization, and innovation. Moreover, AI facilitates personalized services, enhances decision-making processes, and fosters efficiency in various sectors such as healthcare, transportation, and finance. Socially, AI contributes to greater accessibility and inclusivity by providing assistive technologies for individuals with disabilities, improving education through personalized learning experiences, and enhancing communication and connectivity globally. However, alongside its benefits, AI also poses significant challenges and risks to society.