Abstract
There has been a rapid growth in the field of artificial intelligence which has transformed industries across the globe ranging from entertainment to science and technology. A new UN Trade and Development (UNCTAD) report projects the global AI market will soar from $189 billion in 2023 to $4.8 trillion by 2033 – a 25-fold increase in just a decade. Across nations, IPR Laws have been framed keeping in mind that the creations have been made by humans and thus they recognise only humans as owners of IPR. However, in today’s time AI has developed so much that it is capable of composing music, writing news articles, generating artwork, and even invent novel technological solutions. These developments raise an essential legal question: who owns the rights to these AI-generated works? This article deals with the question whether the ai generated content- a painting, music, invention, or even software is owned by a human or by the ai developer or neither. It emphasizes on copyright and patent rules, and considers how the various legalities work with those. It intends to discover if the applicable laws are enough or if they require extreme changes to deal with the complexities arising from AI.