The Internet of Things (IoT) is a well-known technology that has a significant impact on many areas, including connections, work, healthcare, and the economy. IoT has the potential to improve life in a variety of contexts, from smart cities to classrooms, by automating tasks, increasing output, and decreasing anxiety. Cyberattacks and threats, on the other hand, have a significant impact on intelligent IoT applications. Many traditional techniques for protecting the IoT are now ineffective due to new dangers and vulnerabilities. To keep their security procedures, IoT systems of the future will need AI-efficient machine learning and deep learning. The capabilities of artificial intelligence, particularly machine and deep learning solutions, must be used if the next-generation IoT system is to have a continuously changing and up-to-date security system. IoT security intelligence is examined in this paper from every angle available. An innovative method for protecting IoT devices against a variety of cyberattacks is to use machine learning and deep learning to gain information from raw data. Finally, we discuss relevant research issues and potential next steps considering our findings. This article examines how machine learning and deep learning can be used to detect attack patterns in unstructured data and safeguard IoT devices. We discuss the challenges that researchers face, as well as potential future directions for this research area, considering these findings. Anyone with an interest in the IoT or cybersecurity can use this website’s content as a technical resource and reference.