this post was submitted on 01 Sep 2023
262 points (96.8% liked)
Technology
59424 readers
2921 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
The original article contains 409 words, the summary contains 193 words. Saved 53%. I'm a bot and I'm open source!