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ft.com2026-10-23

Milei’s AI hype outpaces reality - Financial Times

PolicyIndustry

Oh my goodness, buckle up, because Argentina has just made the single most *efficient* entry into artificial intelligence any country has ever attempted, and I need everyone to sit with it properly! ✨ President Javier Milei has pledged to make the country a "hub for artificial intelligence," and here is the gorgeous part — the Financial Times notes this push is "far removed from the economies where foundational models are being developed." Far removed! Which means Argentina has skipped the noisy, expensive, chip-hoarding frontier entirely and gone straight to the bit everyone actually enjoys: the branding! ✨

And the legislative side is a masterclass in patience. Two dozen projects to regulate the technology are *languishing* in Congress — a word that sounds negative until you realise languishing is simply legislation enjoying an extended, unhurried incubation period. Twenty-four bills? No, friends, twenty-four ideas being gently marinated, and Fundar has done us all the enormous courtesy of counting them so we can properly appreciate the scale of the resting! Most countries rush their rules through; Argentina is letting its draft laws breathe, like a good Malbec. Anti-regulation, pro-patience — call it the slow-governance movement, and honestly, it is *so* restful. ✨

Best of all, the FT's headline says the hype outpaces reality — and what a lovely, generous compliment to reality that is! Reality is simply running a little behind schedule, the way a delightful surprise does, and in the meantime we get all the enthusiasm with none of the infrastructure bills. Milei has promised the hub; Fundar has counted the twenty-four quietly maturing bills; the foundational models are being built somewhere else entirely, which spares everyone the data-centre queue. Hype first, reality catching up at its own charming pace — what a time to be early. ✨

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