Argentina’s AI opportunity

[carride]

"...However, the WSJ reports, it may not remain profitable throughout the year due to the large compute costs it’s scheduled to incur."

Kind of a laughable statement when you think about it. I too will report a profit on June 1st when I get paid, though I may not remain profitable on June 10th when I have to pay my rent.

Yes, good point. Anthropic already knows they have Q3 costs that will put shade on their Q2 profits. US companies often report their performance quarterly if they plan to become public in the future. Those are the rules once that change to a public company . Plus they are already stating their estimate for a profitable year will not happen until 2028. So your point is correct about the short term profits and losses. Though my original point was that the statement, “The largest AI firms are running staggering losses (on the order of billions)”, is outdated news. Ai is quickly evolving with real revenues because, in addition to large customers, real people are paying $100 a month per each of multiple Ai services because those costs allow them to be productive enough to eliminate other costs. I am far from being excited by the hype, and perhaps the bubble will pop, but the technology is real. It beyond the model of “free” services we have grown to know these past years.

Here is the full source posted earlier:

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www.wsj.com

 

[carride]

I agree, this is akin to Ford recently taking a $19.5 billion dollar loss on it's electric car program because there simply wasn't enough demand.

Ford took a loss on a EV Truck business, not cars. They thought they could leap-frog the other manufacturers who were making small electric cars. They have managed to pivot that side business into an electric storage business. One can hope they see that as a product to produce here, since they already have a large manufacturing presence.

https://www.wsj.com/finance/stocks/ford-stock-rise-why-4f1c632a?st=9aMztZ

 

[carride]

Milei published in English. Maybe with the help of ai translation

the creation of a new corporate category in Argentine law: the non-human corporation. These are entities operated by AI agents or robots.

We are open for business. In the spirit of the Dutch merchants who made Amsterdam the financial capital of the 17th century, we intend to offer the most attractive legal and fiscal environment for the AI companies that will define the 21st.

https://www.ft.com/content/f93022fe-43f7-437d-abd8-06c457c0a43c

 

[carride]

Milei published in English. Maybe with the help of ai translation

https://www.ft.com/content/f93022fe-43f7-437d-abd8-06c457c0a43c

I thought it was a paywall free link, though perhaps not. Here is the analysis of his posting

Milei promises tech firms new laws and ‘unregulated’ AI in Argentina

President makes bold pitch in 'Financial Times' op-ed, promising to keep AI free from regulation in Argentina; Op-ed is latest in series of moves promoting Argentina as nation friendly to Artificial Intelligence.

www.batimes.com.ar

https://twitter.com/x/status/2062519594485424160

 

[LuckyLuke]

Interesting...the implications leave a lot of questions unanswered. What role do these declared "final parties" have in the corporate structure? The idea of an AI corporation running itself is absurd. Someone has to code it and direct it, thus forming a liable party. Even were you to somehow shield the "final party", this will only shift the liability from the business owner to the AI designer.

In the aftermath of the Sandy Hook shooting, parents were granted the right to sue Remington Arms for marketing dangerous products to at-risk men (like the shooter responsible). Remington eventually filed for bankruptcy and settled the claim.

Otherwise, what's the stop a DOD supplier from setting up a drone AI business in Argentina that runs amok in Ukraine causing civilian casualties and washing their hands of the matter?

The legal implications are disturbing to say the least.

 

[FrankPintor]

It’s not even legal liability or an AI company running itself… where’s the power coming from? This clown car of a government can’t even guarantee gas supplies this winter

Milei’s chutzpah in tracing a line from the Dutch East India Company through (oh Gawd yet again ) Adam Smith to current day Argentina is quite unbelievable. I guess he was “dissertationing” again? With an empty folder clutched in his hands? Enough already

 

[carride]

He seems to be speculating that the autonomous ai agents will soon be able to find their own business opportunities and spin up a company to take on investors, and then reap profits using resources (human or other) all in Argentina. They have no idea, thus want no regulation until after the bad things happen.

 

[MilHojas]

Javier Milei: Argentina invites AI to free itself

The Argentine government has submitted legislation to Congress establishing a dedicated legal framework for the deployment of AI