Javier Milei is pitching to make Argentina “the world’s fourth AI hub”, an adviser to the libertarian president has said, promising hands-off regulation to lure US tech bosses to the troubled South American country.
Demian Reidel, head of Milei’s council of economic advisers and organiser of the president’s high-profile meetings with OpenAI, Google, Apple and Meta last month, told the Financial Times that investing in Argentina would provide companies with “a hedge” against rising regulatory risks in the US and Europe.
“Argentina has a president who is actually putting forth the ideas of freedom, low regulation, free enterprise, and he has captured the imagination of the tech world,” he said in an interview. “All the stars have aligned for us to be perhaps the world’s fourth AI hub.”