In the era of Industry 4.0, the application of Artificial Intelligence (AI) in the management and operation of industrial equipment has acquired a fundamental role. Maximising efficiency, minimising downtime and optimising the useful life of industrial equipment are, among others, the benefits that can be derived from implementing AI solutions throughout their lifecycle. AI has revolutionised the efficiency of the decision-making process. Supported by the European AIDEAS Project, this article aims to explore the integration of AI technologies in all stages of the life cycle of industrial equipment, from design to manufacturing, use and repair/reuse/recycling. To this end, a literature review is carried out to determine the application of AI in the different phases of a product's life cycle. Based on this, a set of solutions is conceptualised to be developed in the AIDEAS project. These solutions are contextualised in an industrial pilot for manufacturing food inspection and sorting equipment, illustrating the applicability of the AI solutions proposed in the AIDEAS project. Finally, future lines of research are directed towards the development of AI technologies in the AIDEAS project, and their implementation in the industrial pilot under study.