Over the last ten years, Artificial Intelligence (AI) has significantly contributed to solving several health issues, such as cancer.Deep Learning (DL), a subset of adaptable AI that facilitates automated identification of important characteristics, is rapidly used in manyfundamental and clinical cancer investigation domains. This review provides a comprehensive overview of recent instances of AI utilizedin oncology. It highlights how DL techniques have effectively resolved previously deemed unsolvable issues and discusses the challengesthat must be addressed for the wider implementation of such applications. In addition, we emphasize valuable resources and datasets thatmight facilitate the use of AI in cancer research. In the next decade, the development of novel AI methods and their practical use willprovide valuable knowledge in the field of cancer. The advancement of AI technology has proven rapid in recent times and is beingincorporated into every facet of life. The medical profession is also advancing in the deployment of AI-equipped medical equipment. AI isanticipated to have a significant impact on achieving the present worldwide movement towards precision medicine. This article offers acomprehensive summary of the historical development of AI and the current advancements in medical AI, with a specific emphasis oncancer.In addition, while AI has significant promise, several unresolved concerns exist.