Because of the growing number of potential dangers and the persistent efforts of cybercriminals to stay one step ahead of law enforcement, cybersecurity is a rapidly developing field that has been a constant topic of discussion in the media over the past decade. Although the primary reasons for carrying out cyberattacks have remained largely unchanged over the years, the methods used in cybercrime have become increasingly sophisticated. Traditional cybersecurity solutions are becoming increasingly insufficient when it comes to detecting and mitigating new forms of cyberattack. Recent developments in cryptographic and artificial intelligence (AI) techniques, in particular machine learning and deep learning, hold the potential to equip cybersecurity professionals with the tools necessary to combat the ever-evolving threat posed by cybercriminals. In this article, we explore the potential of artificial intelligence to improve cybersecurity solutions by identifying both the benefits and drawbacks of AI. In addition, we discuss potential future research opportunities that are associated with the development of AI techniques in the field of cybersecurity across a variety of application domains.