Milei Wants Argentina to Be the First Home for AI-Run Firms
President Javier Milei has sent a draft bill to Congress to create a new legal category for companies run by artificial intelligence, replacing the 1972 corporate law. The proposal still mandates a human administrator and holds the company liable for any AI-caused damage, while promoting Argentina as a low‑tax, lightly regulated hub for AI firms. Critics, including historian Yuval Noah Harari and Microsoft AI chief Mustafa Suleyman, warn the model could erode human accountability and invite regulatory arbitrage.
- ▪The bill, introduced on May 29, seeks to establish an ‘automated company’ that can operate through AI agents without requiring human shareholders.
- ▪The draft law requires a human administrator to oversee the AI‑run firm and makes the company liable for any damages caused by its AI.
- ▪Milei and deregulation minister Federico Sturzenegger pitch Argentina as a low‑tax, cheap‑energy base for AI startups and data centres.
- ▪Historians and tech leaders have expressed concerns that the approach removes human accountability and could lead to regulatory arbitrage.
- ▪The measure remains a draft in Congress, with no firms or investment commitments currently tied to it.
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Argentina Argentina Markets Milei Wants Argentina to Be the First Home for AI-Run Firms By Matias Sebastian Lopez · July 8, 2026 · 6 min read Daily Brief The morning intel from across Latin America. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. Politics Key Facts —The bill. President Javier Milei sent Congress a draft on May 29 that would let a company be run by artificial intelligence, replacing a corporate law in force since 1972. —The catch. Despite the “non-human” branding, the draft still requires a human administrator to oversee the firm, and the company itself is liable for damage its AI causes. —The pitch.
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