The foundation for Argentina’s Artificial Intelligence sector
The president met with the CEO of OpenAI in a high-level meeting with one of the world’s foremost authorities in AI.
After making changes in the government, including the notable appointment of Guillermo Francos as Chief of Staff, the president arrived in San Francisco and wasted no time: he met with the most sought-after figure in Artificial Intelligence.
This encounter is part of a broader strategy developed by Demian Reidel, the head of the Council of Economic Advisors. Reidel, a physicist from Balseiro who later transitioned to finance on Wall Street, also served at the Central Bank during President Macri’s administration.
Argentina aims to capitalize on nearshoring services, enabling American companies to utilize Argentine talent.
Successful companies like Globant and BairesDev, the largest private equity software unicorn led by Nacho De Marco, have established a robust presence in this sector. Emerging firms such as Techunting, whose COO Marcelo Teselman has gained recognition for selling services to demanding markets like Israel, are also contributing to this trend. Reidel views the shifting geopolitical landscape as an opportunity to enhance Argentina’s position in the global AI market.
Numerous companies can provide these services, and Reidel sees a unique opportunity with Javier Milei’s entry into the political scene. The president has already secured a photo with Sam Altman, among other achievements, with Altman even acknowledging Milei’s thumbs-up gesture.
Generative AI requires extensive modeling efforts as we navigate the paradox of “dark data”; Models like OpenAI’s ChatGPT and Google’s Gemini are trained on public sources, but companies possess vast amounts of data isolated from networks. Analyzing this data with AI can create new competitive advantages. Developing these models requires a significant workforce. A major challenge is hallucinations—responses that appear accurate but are actually false—which can lead to legal issues if AI provides incorrect information to clients. Consequently, companies must conduct these trainings meticulously, necessitating a large number of skilled programmers.
In Reidel’s vision, Argentina possesses the necessary talent. Nacho De Marco concurs, highlighting a key distinction from countries like India: Argentine programmers don’t simply agree to everything; they add value and proactively anticipate problems. Additionally, Argentina’s longstanding cultural closeness fosters better understanding and communication.
In addition to Reidel, Javier Milei was accompanied by the Minister of Economy, Luis Caputo, Karina Milei -General Secretary of the Presidency-, and Gerardo Werthein, ambassador to the United States. Also participating were representatives of the WorldCoin company such as its CEO, Alex Blania, Martín Mazza, manager
for Latin America, and Trevor Traina, head of global affairs whom Forbes Argentina interviewed to see the impact of this new technology.
WorldCoin’s concept revolves around reshaping networks to eliminate bots. Their approach involves mandating authentication as a human for network access, beginning with a process that entails iris scanning for every individual on the planet. Argentina emerges as a promising market to kickstart this initiative, with significant interest from the company, backed by Sam Altman.
Additionally, Mat Travisano, an Argentine investor in tech companies residing in the United States, also contributed to the meeting.
Undoubtedly, it was a historic meeting where Argentina forged high-level ties with those at the forefront of shaping a future poised to revolutionize everything.
This article is an excerpt from Forbes. You can find the original article here.
