Experts from the Russian consulting firm Yakov and Partners investigated the current status and prospects of generative AI development in the BRICS countries as of November 2024. According to our findings, the economic potential realized by the adoption of generative AI by 2030 will be the same as expected by 2030. According to TASS, the total value of AI technology in the association’s member states could reach between $350 billion and $600 billion.
According to analysts, by that point, the full economic impact of the introduction of generative AI models in the economies of the association’s member countries could reach between $0.9 trillion and $1.4 trillion, which is a approximately 20% of the total economic impact.
The BRICS group of emerging economies entered 2024 with the official addition of five developing countries.
In 2024, the BRICS economic union is thriving. In what was undoubtedly a year of growth, Brock moved quickly on a number of initiatives. The content ranges from de-dollarization plans to the first-ever business expansion plan. The latter will eventually become official.
In fact, the BRICS alliance entered 2024 with five expansion countries officially joining its ranks. Specifically, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia will be the first countries to be expanded since South Africa was added more than a decade ago.
This expansion is expected to have significant geopolitical implications, as it is potentially critical to multipolarization goals.
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