The rapid rise of Artificial Intelligence (AI) is reshaping commerce and management education, transforming how decisions are made, forecasts are generated, and business processes are optimized. In MBA programs and commerce courses, AI tools are increasingly being used to strengthen analytical skills, improve strategic planning, and boost operational efficiency. This study looks at how AI helps bridge the gap between raw data and informed managerial decisions, exploring how students and professionals use AI to gain business insights and make predictive, data-driven choices. It examines the current level of AI literacy among commerce and MBA learners, highlights the challenges of integrating AI into educational programs, and considers ethical and practical concerns around its use. It investigates the current level of AI literacy among commerce and MBA learners, identifies challenges in integrating AI into curricula, and evaluates perceptions regarding ethical and practical implications of AI adoption. Ultimately, the study emphasizes that AI literacy is more than a technical skill, it is a strategic competency essential for success in today’s business world.