AI is poised to transform software development by enhancing the software development life cycle through advanced technologies like machine learning and natural language processing, which will enable developers to create smarter applications that learn autonomously. While AI will improve efficiency and decision-making in development, it also brings challenges, including the need for integration with traditional software and managing unrealistic expectations regarding its capabilities. Ultimately, understanding AI's potential benefits and risks is crucial for application development and delivery professionals to adapt and thrive in this evolving landscape.