Artificial intelligence (AI) and machine learning (ML) are transformative technologies in software development, enabling tasks such as code generation, automated testing, and predictive analytics. Tools like TensorFlow and cloud services like AWS support developers in integrating AI/ML, while companies like Netflix and Tesla exemplify successful applications of these technologies. Challenges such as data privacy, algorithmic bias, and integration with legacy systems need to be addressed as the future of AI/ML focuses on ethical development and increased automation.