As Moore's Law loses momentum, improving size, performance, and efficiency of processors has become increasingly challenging, ending the era of predictable improvements in hardware performance. Meanwhile, the widespread incorporation of high-definition sensors in consumer devices and autonomous technologies has fueled a significant upsurge in sensory data. Current global trends reveal that the volume of generated data already exceeds human consumption capacity, making AI algorithms the primary consumers of data worldwide. To address this, a novel approach to designing AI-centric sensing systems is needed that can bridge the gap between the increasing capabilities of high-definition sensors and the limitations of AI processors. This paper provides an overview of efficient sensing and perception methods in both AI and sensing domains, emphasizing the necessity of co-designing AI algorithms and sensing systems for dynamic perception. The proposed approach involves a framework for designing and analyzing dynamic AI-in-the-loop sensing systems, suggesting a fundamentally new method for designing adaptive sensing systems through inference-time AI-to-sensor feedback and end-to-end efficiency and performance optimization.