.ai domains are improving the economy of the island of Anguilla

Years ago, with the rise of streaming sites like Twitch, the .tv domains of Tuvalu They grew strongly, so the economy of that small territory grew enormously due to the coincidence of its name. And having a .tv domain strongly indicates that your service is a subscription and broadcast video content service. Now, with Artificial Intelligence giving something to talk about, many projects want a .ia domain, which coincides with the domains of the territory of Anguilla. By? Because they want to demonstrate that it is a project that uses Artificial Intelligence in some way.

Anguilla is a British territory in the eastern Caribbean, consisting of a small main island and several islets. It depends on England, being one of the many islands colonized by the British centuries ago. But here what matters is that its domain assigned for national websites is “.ai”.

Artificial Intelligence improves the economy of a British territory almost by accident

Over the past year, growing interest in AI has made the country's “.ai” top-level domain attractive to tech companies. The income suppose a boon to Anguilla's economy, normally dependent on tourism.

There are about 30 million dollars coming from domains. Registrars like GoDaddy must pay Anguilla a fixed price – $140 for a two-year registration. As the law of supply and demand says, in the face of such demand, prices are rising. For a territory of less than 16.000 people, it is a great injection into its economy.

Anguilla brought in just $7,4 million from .ai domain registrations in 2021. With the launch of OpenAI's ChatGPT last year, passion and FOMO for investing in AI was generated. Vince Cate, who has managed the “.ai” domain for Anguilla for decades, told Bloomberg that .ai registrations have doubled in the last year.

Source: ArsTechnica

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Benjamin Rosa

Madrileño whose publishing career began in 2009. I love investigating curiosities that I later bring to you, readers, in articles. I studied photography, a skill that I use to create humorous photomontages.

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