This document discusses how artificial intelligence is changing drug discovery and development. It outlines several ways AI can help, including better understanding drug targets and their properties, predicting drug-target interactions, aiding drug repurposing efforts, improving clinical trials through areas like patient recruitment and risk prediction, and enhancing pharmacovigilance. The current status sees AI being applied in these areas, but challenges remain around issues like disease complexity and data management at large scales. AI offers advantages like improved quality, cost-effectiveness, timeliness, and transparent data sharing.