On December 10, during his speech for the first anniversary of his government, President Javier Milei announced a series of initiatives aimed at attracting investments for the development of artificial intelligence (AI).

Source: iProfesional – December 11, 2024

La The vision is to position Argentina as a technological hubAccording to the president, it is a viable alternative to the current large technology hubs, due to less regulation and the government's willingness to facilitate investment.

The government's main objective is to make Argentina one of the world's four hubs for artificial intelligence. To achieve this, it proposes a more flexible regulatory framework that sets the country apart from others such as the United States, China, and the European Union, which face stricter regulations.

Demian Reidel, head of President Javier Milei's Advisory Council, is leading this plan and maintains that Argentina has initial advantages to implement this initiative:

• Abundant energy resources: the country has access to sufficient energy, which is crucial given the high energy consumption associated with AI.
• Favorable terrain and climate: The cold and inhospitable lands of southern Argentina are ideal for the installation of data centers.
• Qualified human capital: Argentina stands out for having a high number of technology unicorns per capita in the region, indicating a robust entrepreneurial ecosystem and skilled human talent.

During the aforementioned First AI Week, he noted that "a resurgence of all nuclear technology is coming, because it is the only clean energy source capable of meeting AI's energy demands." "A nuclear summer is coming," he emphasized.

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