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Argentina’s Milei Pitches a Regulation-Free AI Haven at the End of the World – WTOP News
Milei is offering tax breaks and looser rules to attract AI investment, while a proposed $3 billion project in Patagonia awaits customers.
Argentine President Javier Milei is courting tech giants to build AI data centers in Patagonia, promising a hands-off regulatory environment. He told the U.S. Chamber of Commerce last month, "We are not going to regulate artificial intelligence."
Patagonia offers vast plains, a chilly climate, and powerful winds, positioning the region as a strategic alternative to grid-constrained areas in the United States and Europe. Green Capital plans to build a $3 billion facility there to lease to big tech firms.
To incentivize projects of at least $1 billion, Milei proposed slashing corporate income taxes to 15% from 25%. Locally, 14 landowners in Chubut province have leased 130,000 hectares—about 321,000 acres—to Green Capital for the planned site.
Residents in Trelew, near the proposed site, have rallied under the banner "Trelew Free of Data Centers," citing a lack of information. "There's just so little information," said resident Cristina Gibón, who fears the environmental toll.
Construction faces delays until around 2028, with investors wary that a change in government could unravel reforms. Additionally, Milei may face scrutiny next week when Pope Leo XIV, who has warned of AI's threats, visits Argentina.
TRELEW, Argentina (AP) — Data centers have become one of the most divisive issues in the world. The president of Argentina wants to attract as many as he can.