The advantages of AI in business include increased efficiency and productivity, improved customer experiences through personalisation, and the ability to make data-driven decisions. AI can also drive innovation by identifying trends and patterns that humans might overlook. However, the disadvantages include the potential for job displacement in roles that become automated, the challenges of managing data privacy and security, and the initial costs and expertise required for implementation. Balancing these advantages and disadvantages is key to leveraging AI effectively in business contexts.