Artificial intelligence (AI) has rapidly become an integral part of our lives, bringing convenience and efficiency to various aspects of work and daily life. This speech will explore the latest AI applications and examine the opportunities they offer. However, as we embrace the benefits of AI, we must also be aware of the potential challenges it poses. We will discuss the risks of workforce displacement, bias, and privacy infringement that come with AI deployment. Additionally, we will examine the environmental impact of AI, with a focus on the energy consumption of model training. We will discuss how the rapid growth of AI model parameters leads to the crossing of energy production and consumption curves, and suggest potential solutions to mitigate the issue. Ultimately, this speech will provide a comprehensive overview of the current state of AI, its opportunities, and its challenges, and offer guidance on how we can navigate this transformative technology.