The process of digitization has propelled the world forward at an astonishing speed. In the swiftly changing realm of technology, the convergence of artificial intelligence (AI) and cyber security has emerged as a crucial focal point of concern for both individuals and entities. AI is a remarkable facet of Information Technology necessitating the creation of a machine that emulates and functions akin to the human mind. Ever since the inception of AI, it has played a pivotal role in reshaping every domain. In an era of extensive internet utilization, the surge in cybercrime is a concerning trend. AI has the capacity to swiftly identify novel attacks, outpacing human capabilities, making it an optimal choice for enhancing defense mechanisms against cybercrime. This formidable technology holds the capacity to offer substantial benefits to society, yet it also possesses the capability to turn into a curse. AI is a revolutionary force in the realm of cyber security breaches; however, it can also serve as a potent tool in the hands of hackers or cybercriminals, enabling them to execute intricate attacks, manipulate systems, and compromise privacy. Hence, employing AI for cyber security represents a double-edged sword. The integration of AI into cyber security presents fresh legal, regulatory challenges and also gives rise to ethical concerns. The implementation of secure development methodologies is of utmost importance in safeguarding applications against cyber threats propelled by AI. The objective of this research paper is to assess current opportunities and ground-breaking challenges associated with utilizing AI in the realm of cyber security. This study also incorporates information gathered from the respondents through a questionnaire. The paper will put forth innovative solutions intended to address the integration of artificial intelligence into cyber security.