Argentina proposes legislation for AI‑run companies

President Javier Milei unveiled a congressional bill to create a new category of “non‑human corporations” that would be run by artificial‑intelligence agents or robots. The proposal, part of a broader corporate‑law reform, mandates that each AI‑run company retain a human administrator to oversee operations and remain liable for any damages caused by the AI systems.

If enacted, Argentina would become the first country to codify AI‑run firms, allowing them to use AI for decision‑making without exempting human managers from supervision. The bill also permits the formation of decentralized autonomous organizations (DAOs) on blockchain, though it requires token users to be identified, a point noted as challenging for the cryptocurrency sector. Legal scholars say the concept is not entirely novel—AI‑assisted cashier‑less stores already exist—but the legislation could give Argentina a competitive edge in attracting AI‑related investment. Milei stated, “We are open for business,” while critics such as historian Yuval Noah Harari warned that granting too much power to AI could undermine corporate accountability.