BRICS calls for AI data regulations amid challenges with de-dollarisation
The BRICS summit urged fair pay for content used in AI models but failed once more to deliver on its de-dollarisation promises.
BRICS leaders in Rio de Janeiro have called for stricter global rules on how AI uses data, demanding fair compensation for content used without permission.
The group’s draft statement highlights growing frustration with tech giants using vast amounts of unlicensed content to train AI models.
Despite making progress on digital policy, BRICS once again stalled on a long-standing ambition to reduce reliance on the US dollar.
After a decade of talks, the bloc’s cross-border payments system remains in limbo. Member nations continue to debate infrastructure, governance and how to work around non-convertible currencies and sanctions.
China is moving independently, expanding the yuan’s international use and launching domestic currency futures.
Meanwhile, the rest of the bloc struggles with legal, financial and technical hurdles, leaving the dream of a unified alternative to the dollar on hold. Even a proposed New Investment Platform remains mired in internal disagreements.
In response to rising global debt concerns, BRICS introduced a Multilateral Guarantees Initiative within the New Development Bank. It aims to improve credit access across the Global South without needing new capital, especially for countries struggling to borrow in dollar-dominated markets.
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