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Artificial Intelligence
Latin America faces regulatory challenges
A wide range of regulatory and legislative approaches to AI are being discussed in the LAC countries. Some are modelled on the EU’s Artificial Intelligence Act, which came into effect in August 2024 but which itself may be amended (see above). Some countries, such as Brazil and Chile, already have detailed proposals for legislation. Mexico and Argentina are a little further behind. Most of the largest jurisdictions in the region are following a “risk-based approach” meaning that they prohibit unacceptably risky AI applications, while setting out safeguards for higher risk ones, such as specific regulatory approval or additional disclosure requirements. However, some countries such as Argentina are actively discussing a “regulation light” model designed to attract investment.
- Introduction
- The slow-burn rise in AI
- Case studies: what is AI being used for in LAC?
- Is Latin America ready?
- The opportunity and risks of AI
- AI in LAC, as seen by ChatGPT.
- Quantifying the gains
- Will the bots destroy Latin American jobs?
- The big AI obstacle in LAC: labour informality
- The DeepSeek challenge
- The promise of Latam-GPT
- Rising data centre energy demand
- The European strategy
- Latin America faces regulatory challenges
- Brazil: pushing new legislation
- Mexico: slow development
- Chile: leader in regulation
- Argentina: seeking low regulation to attract investors
- Colombia: more than half the country’s companies are investing in AI
- Conclusion – a game of high stakes