Nanotechnology has revolutionized the cosmetic and cosmeceutical industries by enhancing product efficacy and enabling innovative formulations. This review paper delves into the various applications of nanotechnology in skincare and cosmetic products, highlighting its ability to improve the delivery of active ingredients, provide enhanced protection, and increase the bioavailability of beneficial compounds. Nanomaterials such as liposomes, nanoemulsions, nanocapsules, and solid lipid nanoparticles are now extensively utilized for their superior skin penetration capabilities, ensuring targeted delivery and prolonged effects. The paper explores the potential benefits and safety concerns associated with these nano-based cosmetic products. It also provides a comprehensive analysis of recent advancements, regulatory considerations, and future trends in the field, emphasizing the need for further research to fully understand the long-term implications of nanotechnology in cosmetics and cosmeceuticals. This review aims to provide a critical overview for researchers and industry professionals interested in the evolving landscape of nanotechnology in beauty and skincare. Findings Our research highlights the transformative impact of Artificial Intelligence (AI) and Machine Learning (ML) on the drug discovery and development process, particularly in enhancing efficiency and precision from initial screening to clinical trials. The integration of AI/ML has shown significant advancements in early-stage drug discovery, where data-driven algorithms enable rapid identification of potential drug candidates, reducing reliance on traditional, labor-intensive methods. In the drug design and optimization phase, AI-driven predictive models have streamlined the process, minimizing the need for extensive physical testing by accurately simulating drug interactions and predicting possible side effects. Additionally, AI and ML are revolutionizing clinical trials by optimizing trial design, improving patient recruitment and retention, and enhancing real-time data monitoring, leading to faster and more reliable trial outcomes. These technologies also support personalized medicine approaches and have proven essential in reducing both the time and cost associated with bringing new therapies to market. Overall, our findings underscore the critical role of AI and ML in reshaping the pharmaceutical landscape, making drug development faster, more cost-effective, and ultimately, more successful in delivering effective treatments to patients.