Rapid technological change and development have given rise to a new era characterized by advanced Artificial Intelligence (AI) technology and applications. These innovations bring numerous positive effects, such as enhancing productivity, reducing operational errors, increasing efficiency across industries, improving healthcare delivery, supporting climate change mitigation, boosting agricultural output, and strengthening security. However, alongside these advancements come significant negative outcomes. This rapid progress raises critical questions about AI control, accountability, and liability. Like any human creation, AI is not without flaws; it is prone to bias, errors, security vulnerabilities, and increasing autonomy, all of which pose significant legal and ethical challenges related to responsibility and risk.