In the current technology-driven era, one can find human-like creatures called Artificial Intelligence actively helping out human by their orders and programs. Their support has proven to be indispensable in every field be it waiter at a hotel, performing a surgery, painting, and whatnot. It is a dire need to acknowledge their support but at the same time be prepared to face the challenges arising out. Artificial Intelligence can be said as innovation at its best with the support and aid of technology, developments, and computer power. Though the advancements in science and technology have contributed to a great extent easing out the complexities, the advent of the same has increased the ways to use artificial intelligence. Intellectual Property relates to intangible assets, more specifically to patents, trademarks, copyright, and industrial design. The fundamental goal of the Intellectual Property system is to encourage new technologies and creative works and to create a sustainable economic basis for invention and creation. There creeps the ambiguity as to the IPR rights of Artificial Intelligence. Like humans, artificial intelligence machines are able to create original works. Unlike humans, the original works created by machines are not protected under Intellectual property laws. This issue needs attention at the earliest both from the international as well as domestic levels, as the extent of artificial intelligence is growing at the fastest pace. This discussion tries to bring out the issues and challenges with regard to artificial intelligence, IPR legislation, and the related legal provisions.