by Malcolm Murray
Javier Milei’s libertarian government in Argentina recently laid out a new framework for corporations in the country. Among the various simplifications to attract more investment, was a highly interesting one – the creation of Sociedad Automatizada – automated corporations run by AI agents without the need for any human involvement. This could just be a PR move (it is unclear if it’ll pass parliament). Milei is in need of some good PR, struggling as he is with an economy with persistent high inflation despite his chainsaw economic management. Others speculate that this is related to Peter Thiel’s recent move to Argentina. But if this becomes law, it could make Argentina the first jurisdiction to allow for fully autonomous AI corporations.
This could obviously bring all kinds of risks. Yuval Noah Harari laid these out well in a letter to the FT. However, it is likely the kind of experimentation we need and should be applauded.
What are AI corporations? A recent paper by Arbel, Salib and Goldstein offers some definitions. Basically, like other corporations, it is an entity with legal personhood. This means it can take actions and it can receive counter-actions, such as being sued. The difference with regular corporations is that no human needs to be involved, it can be fully run by autonomous AI agents. Note that this does not provide any claims of personhood to the individual AI agents, only to the corporation. Neither does it of course make any moral claims as to AI welfare or consciousness or the like.
The risks are obvious. An AI corporation can operate at machine speed beyond human recognition and could cause “flash crashes” before any human would have time to react. As mentioned by Harari, the standard deterrent of the CEO being put in jail would not deter AIs, so it is unclear what deterrents there are to prevent the AI corporation from conducting illegal actions. If AI money is also speech and AI corporations are allowed to make political donations, they could quickly gain significant political influence and gain economic advantages. Quantity has a quality all its own, as Stalin said.
However, these might be necessary risks to take in order to experiment with AI liability. Read more »




My cat died of pancreatic adenocarcinoma a few weeks ago. In March she had an annual check up and was deemed to be in good health for 13, although a bit overweight. We noticed that she was walking a little funny sometimes, so the vet suggested we think about arthritis medication. Then one day in May, just before our appointment to start meds for her suspected arthritis, she went into hiding. A more in-depth vet appointment discovered that her changed gait wasn’t from her joints, but from a huge abdominal mass. It took some tests to find out what it was, then came the dreaded decision-making about what to do about it. Apparently cats can live for months with the condition but often with a very dismal quality of life.






The Republican Party has forever faced a serious statistical obstacle: There are always more Democrats. Never once since the GOP was founded in 1854 have there been more registered Republicans than Democrats in the United States. Democrats are always more numerous. So how can Republicans win?
Dear Readers and Writers,