The integration of artificial intelligence (AI) and the internet of things (IoT), known as artificial intelligence of things (AIoT), is driving significant advancements in the aquaculture industry, offering solutions to longstanding challenges related to operational efficiency, sustainability, and productivity. This review explores the latest research studies in AIoT within the aquaculture industry, focusing on real-time environmental monitoring, data-driven decision-making, and automation. IoT sensors deployed across aquaculture systems continuously track critical parameters such as temperature, pH, dissolved oxygen, salinity, and fish behavior. AI algorithms process these data streams to provide predictive insights into water quality management, disease detection, species identification, biomass estimation, and optimized feeding strategies, among others. Much as AIoT adoption in aquaculture is advantageous on various fronts, there are still numerous challenges, including high implementation costs, data privacy concerns, and the need for scalable and adaptable AI models across diverse aquaculture environments. This review also highlights future directions for AIoT in aquaculture, emphasizing the potential for hybrid AI models, improved scalability for large-scale operations, and sustainable resource management.