this post was submitted on 01 Sep 2023
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This is the best summary I could come up with:
Anguilla, a tiny British island territory in the Caribbean, may bring in up to $30 million in revenue this year thanks to its ".ai" domain name, reports Bloomberg in a piece published Thursday.
$30 million from domains may not sound like a lot compared to the billions thrown around in AI these days, but with a total land area of 35 square miles and a population of 15,753, Anguilla isn't complaining.
Vince Cate, who has managed the ".ai" domain for Anguilla for decades, told Bloomberg that .ai registrations have effectively doubled in the past year.
As a result, high-profile AI startups such as Stability.ai and Character.ai have opted for web addresses ending in ".ai," contributing significantly to the island's unexpected revenue stream.
While some experts foresee a decline in the "AI gold rush" that may eventually cool the market for ".ai" domains, Bloomberg reports, the impact on Anguilla's economy is already significant.
With revenue from ".ai" domain registrations estimated to be a notable percentage of the territory’s gross domestic product ($300 million in 2021), Anguilla is a case study of how even a small Caribbean island can benefit from a global tech boom.
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