<ul data-eligibleForWebStory="true">Advancements in AI challenge traditional frameworks of intellectual property rights in creative works.Generative AI raises questions on ownership, originality, and copyright laws in art creations.Legal and ethical ambiguities persist in determining ownership of AI-generated content worldwide.Recommendations urge a global regulatory framework to address inclusivity and equitable sharing.The evolving relationship between AI and human creativity prompts a need for updated regulations.