Researchers from the Advancing Systems Analysis (ASA) program recently participated in a seminar inviting expert dialogue on the role of BRICS competition authorities in the fast-maturing era of artificial intelligence (AI) and whether authorities from BRICS and beyond can cooperate on a common vision for AI in the interest of societal welfare.
Once a collection of fragmented technologies with limited applications, AI has rapidly evolved into a crucial driver of innovation across diverse sectors, including the digital economy. However, the AI industry is at risk of becoming oligopolistic under existing Big Tech. Through investments and partnerships, Big Tech has already positioned their influence in the development of AI while avoiding conventional regulatory merger probes.
The recent partnership between Microsoft and OpenAI is a prime example. Such cases have focused attention on the pressing need for competition authorities to adapt and harmonize their approaches to regulating the digital economy.
On 12 September 2024, Elena Rovenskaya presented (virtually) at the BRICS Seminar on Artificial Intelligence Regulation hosted at the School of International and Public Affairs of Shanghai Jiao Tong University in Shanghai in collaboration with the BRICS Competition Law and Policy Center. The seminar invited presenters from various experts from BRICS nations involved in the development of AI regulations.
A working paper on this topic is published on the Research Square preprint server.
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