The rapid advancement of Artificial intelligence (AI) and Artificial General Intelligence (AGI) has poses a fear in the minds of its experts. AI is named among the top global risk that threatens human civilization in many ways. This research work is restricted to explore and argue based on commonsense on economic challenges posted by Robots/expert systems and other intelligent machines in industries and slightly argue on "Technological Singularity" or "Intelligence explosion" we have recommend that there is a compelling necessity to evaluate and control the development of intelligent machines by international security agencies such as FBI and CIA in collaboration with IEEE and other professional bodies. We conclude that AGI and AI systems along has no power eliminate human race in whatever situation.