Alan Turing, “founder of computer science” , introduced artificial intelligence in his paper - “Computing Machinery and Intelligence” - in 1950. Artificial intelligence (AI), the ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings . This piece explores the emerging technologies of artificial intelligence and the regulations and legislations to control its impact in a beneficial way. AI was an evolved solution to support processes and aid humans in their daily lives. While it has many benefits to society such as better medical technology, it also has many ethical downsides. UNESCO, EU, UK and the FDA have come up with specific proposals for regulating the use of AI to maximise the benefits and minimise its drawbacks - the question remains, is it enough? What other solutions can be employed and is legislation of AI technology truly necessary or will it restrict innovation? This paper discusses the effect of AI on society and if regulations made by national and international authorities will become significant for its rapidly growing future.