Cybersecurity is an ever-evolving field, with artificial intelligence (AI) becoming a pivotal player in both offense and defense. The use of AI in offensive cybersecurity has the potential to revolutionize the tactics and strategies employed by malicious actors, while also enhancing the capabilities of security professionals to protect against cyber threats. The promises and pitfalls associated with the intersection of AI and offensive cybersecurity are the central focus of this panel. This panel aims to bring together a diverse group of experts, including practitioners and academics, to explore the multifaceted landscape of offensive cybersecurity empowered by AI. The discussion will delve into the potential benefits, ethical concerns, and technical challenges associated with the use of AI in offensive operations, as well as the broader implications for the cybersecurity community, businesses, and society as a whole.