This study was to analyze the clinical application value of magnetic resonance imaging (MRI) image features based on intelligent algorithms in the diagnosis and treatment of breast cancer and to provide an effective reference assessment for breast cancer diagnosis. The MRI diagnosis model (ACO-MRI) based on the ant colony algorithm (ACO) was proposed, which was compared with the diagnosis methods based on support vector machine (SVM) and proximity (KNN) algorithm, and the proposed algorithm was applied to MRI images to diagnose breast cancer. The results showed that the accuracy, sensitivity, and specificity of the ACO-MRI model were greater than those of the KNN and SVM algorithm. Moreover, the specificity was statistically considerable compared with the two algorithms of KNN and SVM (
P
<
0.05
). By comparing 1/5 number of ants and the average gray path of the ACO-MRI model under 1/8 number of ants, it was found that the average gray path value of 1/8 number of ants was greatly higher than the average gray path value of 1/5 number of ants (
P
<
0.05
). The differences in the overall distribution of breast MRI imaging features among Luminal A, Luminal B, HER-2 overexpression, and TN were compared. There were considerable differences in the overall distribution of the three breast MRI imaging features of the boundaries, morphology, and enhancement methods among the four groups (
P
<
0.05
). In short, MRI image based on the intelligent algorithm ACO-MRI diagnosis model can effectively improve the diagnosis effect of breast cancer. Its image feature boundaries, morphology, and enhancement methods had good imaging features in the diagnosis of breast cancer.