Argentina's Milei offers AI companies low taxes, no regulation, even AI-run corporations with limited liability [View all]

Since it's all but guaranteed Peter Thiel knew of this in advance, this certainly helps explain his move to Argentina.

What Milei wrote in a Financial Times opinion piece yesterday: https://www.ft.com/content/f93022fe-43f7-437d-abd8-06c457c0a43c

His government is introducing legislation that will:

Keep AI free to be developed "without the deadly hand of premature and poorly understood regulation."

Create a "non-human corporation" corporate category where AI - AI agents or robots - can run a business where because they will inevitably "exercise independent judgment in unpredictable environments" there will also be limited liability.

Offer "unmatched terms" in low tax rates.

Milei says Argentina is open for business for AI companies, and he compares what his country will offer those companies to the Dutch East India Company unleashing "capitalism's full potential" via limited liability.