This research article undertakes a comprehensive examination of the prevailing cybersecurity risks, while also delving into the transformative potential of AI in ameliorating these perilous hazards. Through a meticulous review of extant literature and insightful case studies, the article meticulously delineates emergent cyber threats, elucidating the manifold applications of AI in the realms of threat detection, prevention, and incident response.Furthermore, this research endeavor meticulously elucidates the intricate nexus of challenges and limitations inherent within AI-powered cybersecurity systems, encompassing ethical quandaries and technical impediments. By delineating these complexities, the article endeavors to foster a nuanced understanding of the intricate interplay between AI and cybersecurity.