The rapid advancement of Artificial Intelligence (AI) technologies has significantly transformed the educational landscape, particularly in higher education. In the field of commerce education, AI tools such as intelligent tutoring systems, content generators, and data analysis platforms are increasingly being used to enhance teaching and learning processes. This study aims to examine the level of awareness and adoption of AI tools among B. Com and M. Com students. It further seeks to identify the key factors influencing the adoption of AI tools, including accessibility, digital literacy, perceived usefulness, and institutional support. Additionally, the study investigates whether AI-assisted learning contributes to improved conceptual understanding in commerce subjects such as accounting, finance, taxation, and business analytics.