AI is redefining the interactive methods and educational value of toys, creating intelligent companions that can “think and evolve.” Traditional toys have inherent limitations: fixed interaction modes lead to a short playability cycle, and their educational functions are singular and difficult to adapt to growing needs, with content updates relying on physical replacements. AI technology achieves breakthroughs through three innovations: a multimodal emotional recognition system allows toys to understand children’s voices, expressions, and actions, enabling natural interaction; generative AI dynamically creates storylines and game tasks, maintaining long-term novelty; and personalized learning algorithms adjust content difficulty based on children’s cognitive levels, achieving precise adaptation of “learning through play.” This intelligent transformation not only enhances the entertainment and educational value of toys but also builds a new medium for parent-child interaction—by using AI to record interaction data and provide parenting suggestions, becoming an auxiliary tool for family education. In the future, the integration of AI toys with the metaverse will create a gaming space that combines virtual and physical elements, allowing imagination to break through the limitations of physical toy forms and providing infinite possibilities for cultivating children’s creativity.