Caribbean Island will earn US$30 million from AI; understand

The paradisiacal island of Anguilla, located in the Caribbean and belonging to the United Kingdom, has always been known for its crystal clear waters, coral reefs and white sand beaches. However, since the 1990s, Anguilla has taken on an unexpected role in the world of technology, becoming the authority responsible for assigning internet addresses ending in .ai to residents and businesses seeking website registrations. Understand! 💸🤑🌊

It wasn't that long ago, but this small territory was one of many country-specific domain names virtually unknown to most internet users around the world. But the scenario is changing rapidly.

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“AI,” which in English is the acronym for Artificial Intelligence, it's trendy, and innovative companies are grabbing .ai addresses with determination. Names like Stability.ai, X.ai (from Elon Musk) and Character.ai are just a few of the AI ​​startups now boasting the coveted .ai domain originally assigned to the beautiful islands of Anguilla.

It's not just startups that are jumping on the bandwagon. Tech giants are also joining the party. O Google.ai and Facebook.ai redirect visitors to their dedicated AI pages, while Microsoft.ai displays Azure artificial intelligence services.

The economic impact of this boom in website registrations is notable for Anguilla. According to Vince Cate, who has managed the .ai domain for decades, the total number of website registrations with this extension has doubled in the last year, reaching 287.432. Revenues from domain registration fees are projected to reach up to US$30 million in 2023, which is equivalent to 10% of the country's GDP and is more than three times the amount raised just two years ago.

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Although Anguilla is experiencing a shift in its digital landscape, government officials remain silent regarding these developments, and did not respond to Anguilla's requests for comment. Bloomberg. What is certain is that this Caribbean island has become an unexpected reference point in the world of AI and technology, capturing global attention and boosting its economy in surprising ways.

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