A UN Conference on Trade and Development report says digitally deliverable services have outpaced other services, growing 7.1% annually over the past decade and reshaping global trade patterns.
Dario Amodei, chief executive of AI firm Anthropic, said he did not foresee how quickly artificial intelligence would become central to the global economy.
CNBC reports that despite repeated calls from BRICS leaders to reduce reliance on the U.S. dollar, concrete steps toward using local currencies in trade have been limited.
Member and partner nations are set to join an expanded session themed 'Shaping the Future for Inclusive Global Growth,' according to Anadolu Agency.
A document cited by Russian state news agency TASS states that reforming global economic governance remains a consistent priority for the BRICS bloc.
Leaders of the BRICS bloc are meeting in India as the group's agenda is shaped by the US-Israel conflict with Iran, Russia's war in Ukraine, and mounting economic pressures worldwide, according to Al Jazeera.
Joint declaration from the bloc urges cooperation on trade, supply chains and energy flows amid ongoing wars, tensions and tariff disputes, according to Al Jazeera.
Global markets have absorbed a series of shocks in recent years, but HSBC analysts caution that this streak of resilience could eventually be broken, according to a CNBC report.