Latin America’s economic future hinges on establishing AI governance that reflects its unique values rather than succumbing to external regulatory pressures from Silicon Valley and Brussels. Key regional challenges include fragmented regulations and varying AI readiness levels. While initiatives like the ECLAC 2024 Digital Agenda promote cross-border cooperation, countries like Brazil and Chile are making strides with frameworks focused on ethical use, algorithmic fairness, and transparency. To effectively compete globally, Latin America must craft an adaptable, inclusive regulatory approach that prioritizes local context and ensures diverse representation in AI systems. Opening data-sharing channels, fostering AI literacy, and developing regional oversight labs can enhance capacity and attract ethical investments. In a rapidly polarizing global landscape, Latin America has an unprecedented opportunity to lead in smart AI regulation, positioning itself strategically for innovation while safeguarding democratic principles and local economies. As the region evolves its AI governance, it can prioritize both security and growth.
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