The world is full of economic alliances with acronyms. The EU, ASEAN, and the G7 are just some. The EU functions more as a nation-state, while most are much looser. The BRICS alliance, founded in 2009 by Brazil, Russia, India, and China (hence the name) has significant differences from the others.
Its primary goal is to create an alternative to the existing global economic order dominated by the West/US. In particular, it seeks to create alternatives to the dollar-dominated world trade system, SWIFT interbank payment system, and IMF & World Bank.
So far, it hasn't made huge progress with this agenda. The US dollar's role in global trade is firmly embedded. The only other currency that comes close in volume/importance is the Euro. As China doesn't allow its currency to float freely or have open capital markets, the Chinese Renminbi can't currently replace the dollar's international role.
But is this about to change? The current US administration rejects much of the old global economic order. Ironic, considering it originally created it. Since 2009 China and Russia have even more reasons to want a global financial alternative the US doesn't have a role in. Maybe the US is helping them to create it?
Humanoid robots, like all technologies, will be adopted on an s-curve. First, there will be just a few of them, and then rapidly they will be everywhere, as their adoption heads for market saturation.
Are humanoid robots ready for their s-curve take off phase? Seeing Xpeng's IRON humanoid in action might make you think they are. Xpeng say they expect to start mass-producing these next year, and say they are investing $13.8 billion to scale production.
IRON's specs look impressive. Xpeng says it operates at 3,000 TOPS of processing power with their Turing AI chip. For reference, Microsoft's baseline for an AI PC is 40 TOPS (Trillions of Operations Per Second).