Sustainable development is a framework for achieving human development goals. It provides natural systems' ability to deliver natural resources and ecosystem services. Sustainable development is crucial for the economy and society. Artificial intelligence (AI) has attracted increasing attention in recent years, with the potential to influence many domains positively. AI is a commonly employed component in the quest for long-term sustainability. In this study, we explore the impact of AI on three pillars of sustainable development: society, environment, and economy, as well as numerous case studies from which we may deduce the impact of AI in a variety of areas, i.e., agriculture, classifying waste, smart water management, and Heating, Ventilation, and Air Conditioning (HVAC) systems. Furthermore, we present AI-based strategies for achieving Sustainable Development Goals (SDGs), which are effective for developing countries like Bangladesh. The framework that we propose may reduce the negative impact of AI and promote the proactiveness of this technology.