Artificial wisdom, also known as artificial general intelligence (AGI), aims to design machines that can grasp and learn any intellectual phenomenon - like contemplation, learning and decision-making - as a person can. AGI is still in its early stages of development. Human cognition underpins AI, where people build learning models and datasets for AI training. However, it is crucial to have humans in charge and human supervision in decision-making while developing and using AI. This article examines artificial wisdom and discusses real-world AI applications that exhibit it. Self-driving vehicles, self-interfaces, medical diagnostics, game-playing AI, natural language processing, robotics, and generative AI are examples. AI may help with decision-making, problem-solving, language processing, and data production. They also emphasize the necessity of continual research and development to improve AI and ensure its ethical use. This article also discusses the triumphs and pitfalls of artificial wisdom research, admitting that AGI development is still controversial. It emphasizes human-centered AI development and application. As AI becomes more significant in our lives, it must be built and utilized in a way that respects human values, ethics, and decision-making. In conclusion, AI research into artificial wisdom has the potential to revolutionize different sectors and help mankind, but it also has ethical and societal repercussions that must be carefully considered.