KM solutions that integrate AI and ML are converting how organisations achieve, allocate, and utilize knowledge. This research proves that leveraging AI and ML in KM schemes improves organizational competence, executive, and knowledge retention. However, in business and organization settings, AI and ML have not yet fully enhanced KM, despite their established ability to examines large data sets and expose previously unseen designs. A comprehensive literature review classifies key challenges, including data security anxieties, high application costs, and workforce willingness, even though AI and ML enhance KM procedures. Additionally, there is a important lack of research on ethical considerations and organisational willingness to adopt these technologies. The study underlines the essential for additional research to address these subjects, enabling organizations to gain a competitive advantage through better data-driven executive and improved knowledge retention.