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Politics In the United States, Javier Milei spoke to Silicon Valley businessmen: he talked about deregulation and artificial intelligence - Infobae

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In the United States, Javier Milei spoke to Silicon Valley businessmen: he talked about deregulation and artificial intelligence - Infobae​


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May 30, 2024

The President criticized excessive regulations that, in his view, can hinder innovation and slow economic growth

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The President highlighted that "excessive regulations can hinder innovation"

In the middle of his trip to the United States, President Javier Milei spoke to Silicon Valley entrepreneurs and the main actors in the field of artificial intelligence about the international and Argentine economy, focusing on the importance of deregulation. His presentation took place during a dinner yesterday to which he was accompanied by Karina Milei, the Minister of Economy, Luis Caputo , the ambassador to the United States, Gerardo Werthein and the head of the Council of Economic Advisors, Demian Reidel .


Milei took the opportunity to give his view on excessive regulations that can hinder innovation and ultimately slow economic growth. In addition, she argued that a “deregulated environment is crucial to fostering creativity and technological advancement, which is essential to maintaining sustainable economic growth and promoting economic freedom,” as detailed by her team.


The President also expressed his interest in creating an important technological hub in Argentina, with a main focus on artificial intelligence. “This initiative seeks to position the country as a leader in the development and implementation of advanced technologies, attracting investments and talents from around the world,” he described.

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Karina Milei and the Minister of Economy, Luis Caputo

The companies that participated in the meeting are pioneers in innovation and the development of emerging technologies. The participation of the main actors in artificial intelligence highlighted “the importance of international collaboration and the adoption of policies that promote a favorable environment for technological advancement,” La Libertad Avanza considered.


Finally, the President affirmed his commitment to working towards a regulatory framework that balances the need to allow technology companies to prosper and contribute to the economic growth of the country and the world, emphasizing freedom as a fundamental pillar of his economic vision. The delegation highlighted that the dinner "not only marked a key moment in the dialogue on deregulation and the economy, but also strengthened the ties between Argentina and the international technology community, opening new opportunities for future collaborations and developments."


At the lunch were Greg Brockman -co-founder and President of OpenAI-; Marc Andreessen, co-founder of Andreessen Horowitz; John Giannandrea -Senior Vice President of Artificial Intelligence at Apple-; Alexandr Wang -founder and CEO of Scale AI-; Shaun McGuire -general partner of Sequoia-; Anatoly Yakovenko -founder of Solana- and Larry Diamond , Senior Fellow at the Hoover Institute, all key figures in Silicon Valley.

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Javier Milei spoke to Silicon Valley entrepreneurs and the main players in the field of artificial intelligence

On the other hand, Milei plans to meet with Mark Zuckerberg to offer Argentina as a hub for technological innovation. In parallel, she gave an open class at Stanford University. “The problem is when the State is present . So he goes, taxes everyone and makes a bridge. Then there are a lot of people who live off the State, so they make the Ministry of the Bridge and start looking for where to do more. "So they create the Ministry of Water to provide water and build a bridge," Milei said to the students who arrived invited by Stanford's Hoover Institute.

After his lecture at Stanford, the president met with Sundar Pichai , CEO of Google . The meeting took place at Google's headquarters in Mountain Blue -California-, and Milei took the opportunity to offer to describe Argentina as a possible scenario to deploy a technological innovation hub.

Milei also met with Timothy Cook , CEO of Apple, to advance his idea of Argentina as an innovation hub. In this meeting , the head of state described a geopolitical context marked by the legal restrictions posed by Europe, the Chinese offensive to manipulate the use of artificial intelligence and legal doubts in the United States regarding the limits that technological investment in The 21st century.
 

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