Politicians and tech experts expressed concern over the implications of President Javier Milei’s proposal to allow “non-human corporations” run by artificial intelligence (AI) to operate in Argentina, with no regulations and low taxes.

On Thursday, renowned British outlet Financial Times published an opinion article written by Milei — with the help of Deregulation Minister Federico Sturzenegger — under the headline “Argentina invites AI to free itself.” 

In it, he stated that AI must remain free of state regulation to prosper.

The libertarian leader said his government was looking to attract AI companies by proposing a change in legislation that would establish “a dedicated legal framework for the deployment of AI.”

The three pillars of this framework are “a commitment to keep AI unregulated”, “the creation of a new corporate category in Argentine law: the non-human corporation”, and a “low corporate tax rate”.

“We are open for business,” he wrote, stressing that this is “an invitation.” 

Critics say this could open the doors to “programmed impunity” and that it may even turn Argentina into a “catastrophic experiment.”

The article compared the development of AI as a technology with the industrial revolution and the creation of limited liability companies, saying that an unregulated framework is required to unleash their full potential.

“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,” Milei said in the article.

Milei said he is........

© Buenos Aires Herald