Business Council BRICS to Include AI in its Agenda

BRICS Business Council to Include AI in its Agenda Russian Chamber of Commerce and Industry

BRICS Business Council to Include AI in its Agenda: Russian Chamber of Commerce and Industry

Boosting Digital Economy with Artificial Intelligence

The President of the Russian Chamber of Commerce and Industry, Sergey Katyrin, has proposed the inclusion of Artificial Intelligence (AI) as a key topic on the agenda of the BRICS Business Council. Maksut Shadayev, Head of the Russian Ministry of Digital Economy, also attended the “Meetings at Ilyinka Street” event where this suggestion was made.

Russia Takes the Lead in BRICS Business Council

As Russia prepares to chair the BRICS Business Council in 2024, Katyrin believes it’s an opportune time to initiate discussions on new directions and topics, including the introduction of AI and its regulation. This move is expected to have a significant impact on the digital economy. Moreover, Russia’s leadership in the BRICS Business Council provides a platform to set the tone for innovation and progress.

Expertise from the Ministry

Furthermore, Katyrin emphasized relying on the ministry’s expertise when formulating discussion meanings and issues. On the other hand, Shadayev highlighted interest in other countries’ healthcare, education, and industry practices. He underscored the topic’s relevance. The Russian Chamber of Commerce and Industry will collaborate with the Ministry of Digital Economy. Specifically, this collaboration will drive the initiative forward. Moreover, it will be crucial for progress. Ultimately, the joint effort aims to facilitate knowledge sharing and best practices exchange.

Global Implications of AI Integration

Integrating AI into the BRICS Business Council’s agenda is significant. It promotes the digital economy and innovation. As AI technologies transform industries globally, the BRICS alliance plays a vital role. Specifically, it shapes the future of business and commerce. By embracing AI, the BRICS nations enhance competitiveness. Moreover, they can stimulate economic growth through AI adoption. Ultimately, this integration fosters collaboration and knowledge-sharing among member countries. It drives technological advancements benefiting businesses and economies.

BRICS Expansion on the Horizon

Meanwhile, the BRICS alliance will expand its membership from January 1, 2024. Specifically, Argentina, Egypt, Iran, UAE, Saudi Arabia, and Ethiopia will join. These countries received an invitation at the XV BRICS summit in August. The expansion will provide a larger platform for the Digital Economy. Moreover, it allows more discussion on AI-related initiatives’ implementation. The Business Council plays a crucial role in this regard. Ultimately, the expanded alliance aims to foster collaboration in emerging technologies. It can drive economic growth and digital transformation across member nations.

A Step towards a Digital Future

In conclusion, the inclusion of Artificial Intelligence on the agenda of the BRICS Business Council is a significant step forward in promoting digital economy and innovation. With Russia at the helm, this move is expected to have far-reaching implications for the global economy. As the BRICS alliance continues to grow and expand, the integration of AI will be crucial in driving progress and development in the years to come.

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