Background: The Functional Movement Screen (FMS) is widely used for movement assessment but suffers from subjective scoring that leads to inconsistent evaluations. While previous studies have focused on reliability, the validity of AI-supported assessment remains unexplored. Objectives: To evaluate the reliability and validity of an AI-based motion analysis system using MediaPipe for three FMS movements. Design: Prospective reliability and validity study with repeated measures. Methods: Thirty healthy adults (age 23.4±2.8 years) performed three FMS tests (Deep Squat, Hurdle Step, Inline Lunge) recorded on video. Three evaluators (two experienced physical therapists and one novice) assessed recordings in three phases: Phase 1 involved traditional assessment by experts only to establish criterion reference, Phase 2 had all evaluators using AI support, and Phase 3 consisted of repeated AI-supported assessment. The AI system provided real-time visual feedback of joint angles and alignment through MediaPipe skeletal tracking. Results: Criterion validity showed strong agreement between traditional expert assessment and AI-supported assessment (r=0.94, P<.05). Inter-rater reliability improved from good (ICC=0.89) to excellent (ICC=0.91) with AI support. The novice evaluator achieved immediate expert-level performance with only 0.05 points difference from experts. Intra-rater reliability was excellent for all evaluators (ICC=0.84-0.89). Conclusion: The AI-based system demonstrated strong validity and improved reliability for fundamental movement assessment. While AI support enabled novice evaluators to achieve expert-level performance immediately, it may increase sensitivity to subtle movement variations. This technology shows promise for standardizing movement screening, though current limitations restrict its application to standing movements.