The bloc's chair for this year.
and preventing algorithmic bias.
"The world requires fair and equitable international management of AI, where all countries - not just large corporations - have a say," the statement read ahead of the summit scheduled for July.
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The initiative will also work on developing sovereign AI ecosystems that reflect the linguistic and cultural diversity of humanity, according to the note added.
A global declaration endorsing "inclusive" and "sustainable" AI, a move that exacerbates a rift between Washington and major international players over AI regulation.
On Tuesday asserted that excessive oversight could stifle innovation.
to adopt an optimistic outlook rather than one of apprehension, suggesting that strict regulations on AI could hinder its growth before it reaches its full potential.
Individuals who maintain that global regulations are required to ensure AI is both ethical and sustainable.
.
Beijing's decision to support the statement was seen as an unusual move, given its previous history of hesitating to endorse international human rights agreements, which underscores the isolation of Washington's stance.
Discussions at the BRICS summit will also focus on AI-driven solutions in public health, including a new platform for cooperation aimed at integrating AI into national healthcare systems.
Economic and financial reform seem to be key priorities for Brazil's presidency. BRICS countries have been advocating for changes to global financial institutions for a long time, arguing that they are biased in favour of wealthier nations.
calling for more representation of developing countries in key leadership roles.
The group is anticipated to further develop a regional payment system to facilitate trade and investment among member countries and decrease their reliance on the US dollar.
Has expressed strong opposition to the proposal.
.
If BRICS countries "want to play games" by trying to circumvent the US dollar, Trump said, "they will be faced with a 100 percent tariff the moment they express their intention to do so."
last December.
The US President stated that Brics' trade would be severely impacted to the point that members of the bloc would even deny being a part of it.
the primary platform for climate negotiations in November.
The concept note highlighted the "moral imperative" for countries to bridge the gap between the level of climate ambition and the level of financial commitments they have made, especially in support of developing countries.
Brazil once again called for structural reforms at the UN, specifically within its Security Council, which it claims is "outdated and ineffective" in handling contemporary conflicts.
The UN is confronted with the challenge of addressing both emerging threats and ongoing issues, which can only be effectively managed through international cooperation.
However, the issue remains far from being fully resolved among member countries. While Brazil has Russia's support, Beijing has never explicitly stated whether it would endorse an expansion of the UN body's exclusive group of permanent members.
Britain and Russia are permanent members, each holding a veto power.
Refused to back a document mentioning Brazil and India's aspirations for permanent seats on the Security Council.
With the expansion of Brics to 11 member states and the addition of nine partner nations, Brazil has proposed reforms to simplify decision-making within the bloc.
In order to prevent similar scenarios in the future, the chairship announced its intention to establish a task force that will "modernise procedures, improve coordination and integrate new members" into the Brics structure.
Additional reporting by Khushboo Razdan in Washington
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