Argentina plans to launch a fully AI-automated company, becoming the first country to launch the concept.
President Javier Millay last month announced a parliamentary bill to create “non-human companies” run by artificial intelligence.
In an op-ed for the Financial Times, Millais described a new type of company in which AI agents or robots “make independent decisions in unpredictable environments” and can operate without human employees.
“We are open for business,” Milley declared, sparking criticism from technology experts who warned that giving too much power to AI could reduce corporate accountability.
The “automated companies” introduced in the reforms, part of a sweeping bill to modernize company law and reduce bureaucracy, will require human managers to oversee their operations.
The bill also allows corporate administrators to use AI in decision-making without exempting administrators from overseeing the results.
The bill states that the company would be liable for any damage caused by its AI or algorithmic systems.
A representative from the Office of the President’s Press Secretary said that no companies are associated with the bill or have committed to invest at this time.
Legal experts said Argentina would become the first country to pass legislation creating a category of companies run entirely by artificial intelligence.
Millay, who has sought to sharply lower inflation and attract foreign investors with incentives, has repeatedly touted Argentina as a future AI hub.
The idea of an “AI-run enterprise” is gaining traction as it could automate many business functions, Reuters reports.
But even as Argentina seeks a legal or regulatory framework that would allow companies to handle much of their work with AI, they would still face the fundamental reality that they exist within a human legal and social system.
