🗣️ Joint BRICS Projects in Artificial Intelligence

Amid a global technological transformation, artificial intelligence (AI) has become a key driver of economic growth and competitiveness. According to a study by Yakov and Partners, the realised economic potential of generative AI across the BRICS nations could reach $600 billion by 2030.

Nearly 70% of this impact is expected to be concentrated in six key sectors: finance, retail, mechanical engineering, energy, electronics, and IT. However, the distribution of economic benefits among the 🕊🕊🕊🕊🕊 members is highly uneven: China accounts for over 86% of the total impact, India, Brazil, and Russia together contribute 12%, while the remaining countries represent less than 2%. 

The success of BRICS efforts in AI development will ultimately depend on its ability to overcome internal disparities, align regulatory frameworks, and build a genuinely inclusive AI ecosystem capable of competing on equal terms with Western platforms.

Read more in our new article by Roman Prokhorov, expert at the working group "Financial Cooperation and the International Monetary and Financial System" at BRICS Expert Council-Russia.

📎 More #BRICS analytics is available on the official website of the BRICS Expert Council-Russia.

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