This Tiny Island makes Millions from AI Companies Without Creating AI

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This tiny Caribbean island is making MILLIONS from the AI boom without building a single product... Anguilla, a British territory with just 16,000 people, controls the '.ai' domain name. While most country domains like '.jp' for Japan or '.fr' for France go unnoticed, this island hit the jackpot when artificial intelligence exploded in popularity. Companies are desperate for website addresses ending in '.ai' to look tech-forward. For each registration, Anguilla's government collects between $140 to thousands of dollars. In 2023 alone, they made $32 MILLION from these fees – that's over 10% of their entire GDP! This unexpected windfall came right when they needed it most, after being devastated by both a hurricane and the tourism collapse during COVID. Major tech players are all racing to grab these domains. Elon Musk launched his AI company on X.ai, while even giants like Facebook use facebook.ai. Other premium domains like autonomus.ai and deeplearning.ai have been snatched up for astronomical prices. Even companies with no AI products are buying .ai domains just to look cutting-edge. Meanwhile, Anguilla just sits back and collects fees while tech firms fight over their digital real estate. Talk about being in the right place at the right time - this tiny island is making millions simply because they were assigned two letters that suddenly became the hottest property in tech.


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Category
Artificial Intelligence & Business

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