Regulating AI: From BRICS to Global Cooperation

The Rise of Artificial Intelligence in the Digital Economy

Artificial Intelligence (AI) has emerged as a central driver of innovation, transforming various sectors of the digital economy. However, as AI technologies expand rapidly, there is growing concern that the industry might become oligopolistic, especially under the dominance of Big Tech companies like Microsoft and OpenAI. An oligopoly occurs when a small number of companies hold substantial control over a market, reducing competition and potentially limiting innovation.