With the advent of artificial intelligence (AI), the practice of identifying exposure to risk is revolutionized which has helped businesses reshape the way they identify, assess, and address digital and physical threats. As data seems to grow exponentially and slowly gradually from the form of complex attacks, it is increasingly saturating all the old methodologies of threat detection. Today, artificial intelligence has become an integral part of modern threat detection systems because they are able to sort through huge data, point to patterns, and recognize even new forms of threats. Further, the paper looks at how artificial intelligence can be applied to evaluate risks, how it will improve cybersecurity and threat intelligence, how effective it can be in its application, and also a discussion of the emerging trends that would be anticipated in shaping this subject.