Argentina’s president, Javier Milei, has argued in a recent article in the Financial Times that his country should become a global hub for artificial intelligence companies. He says one of the biggest obstacles to AI is government regulation, and he wants Argentina to adopt a system that interferes as little as possible. That approach has taken on new significance after the government submitted a bill to Congress last week. The proposal would create a specific legal framework for AI and could establish a new category of company managed by AI agents or robot systems. Milei has even suggested that human shareholders might not be required.
The plan would challenge the traditional idea of a company, because business decisions are usually made by people such as boards, chief executives and shareholders, who also carry responsibility. In an AI-run company, however, legal accountability is far less clear. If an AI system makes an unlawful decision or engages in financial manipulation, the question of who bears responsibility has no settled answer.
Milei’s broader aim is to make Argentina as attractive as possible to technology firms, especially AI companies. In that sense, the proposal points to a competition over taxes and regulation as countries try to win investment in a fast-changing sector.
