President Javier Milei assured global technology companies on Thursday that Argentina will establish a unique legal framework to promote the advancement of Artificial Intelligence within the country, reiterating his dedication to maintaining a “unregulated” environment for the sector. In an opinion piece, the President presented Argentina as an attractive destination for technology giants, promising to allow artificial intelligence to evolve unimpeded and achieve its full potential “without the deadly hand of premature and poorly understood regulation.” Milei drew a parallel between the present moment and the year 1602, when the creation of the Dutch East India Company introduced to the world the limited liability company, an innovation which – according to the President – “unleashed capitalism’s full potential” and led to the Industrial Revolution.
“As much as the industrial revolution freed us from the constraints of the human muscle, AI will free us from the constraints of the human brain, pushing productivity beyond our wildest dreams,” stated the President in his column. Milei addressed “AI agents,” which are autonomous systems or programs operated by Artificial Intelligence that function without the need for continuous human oversight, contending that they necessitate new legislation. “Companies run by new technologies such as AI agents require the same legal framework that has underpinned capitalism for over four centuries, one suitable for development and experimentation,” he argued. On that basis, Milei delineated his administration’s strategy to establish a novel classification of corporate entity within the legal framework: the “non-human corporation,” which would be entities managed exclusively by AI agents or robots.
Outlining his initiative, the President emphasised that the primary component of his plan is a “commitment to keep AI unregulated so that it can develop freely, without the burden of premature and misguided regulation.” Milei concluded by inviting technology companies globally to establish operations in Argentina, stating: “We are open for business.” And “In the spirit of the Dutch merchants who established Amsterdam as the financial capital of the 17th century, we aim to provide the most appealing legal and fiscal framework for the AI companies that will shape the 21st century.” Milei concluded “Let Buenos Aires become for AI what Amsterdam was for the age of sail – the place where the legal imagination caught up with the technological moment, and the world was changed.”
Milei’s administration has positioned Artificial Intelligence as a fundamental component of its strategy to draw foreign investment and diversify Argentina’s economic landscape. His government advocates for minimal regulatory intervention and has positioned Argentina as a prospective regional hub for AI development and data-centre investment. The approach has faced scrutiny from certain academics and civil society organisations, who argue that Argentina has not yet established a thorough framework to tackle issues including data protection, transparency, and liability.