Artificial intelligence has transformed from a simple tool to get information to a robust tool which can create books, music, artworks, and computer programs with little to no human involvement. From a legal point of view, this raises serious legal questions with regard to who should be called the author of these works, and who should own them? The present laws in India especially the Indian Copyright Law grants protection to the work that is creative in nature that in turn must involve human effort, skill, and judgment, but AI generated content challenges this fundamental idea. This research paper looks at how current laws handle works created by artificial intelligence. It also looks at who can be called an author of the work when AI creates something, and whether present copyright laws can even protect such content. There is another question of whether these works should just be kept free for everyone to use. The paper also examines whether AI generated works satisfy basic legal requirements like originality and human creative input. It also includes the gaps and confusion in current laws, particularly in the Copyright Act, 1957, and examines how the United States and United Kingdom are addressing these issues through comparative analysis. Beyond ownership questions, the research considers the implications of extending copyright protection to AI generated works, with particular reference to innovation incentives, market dynamics, and the risk of monopolisation by technology corporations.