Caribbean nation discovers digital goldmine in domain names
Anguilla's .ai domain generates unexpected millions from AI boom.
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Anguilla, a small Caribbean nation with under 16,000 residents, has found an unexpected source of wealth through its .ai internet domain. The artificial intelligence boom, especially after ChatGPT's 2022 launch, dramatically increased demand for .ai web addresses. This windfall generated EC$87 million in 2023, representing over 20% of the government's annual revenue.
The island has used these funds to diversify its tourism-dependent economy, providing free healthcare for citizens over 70, doubling sports budgets, and improving airport facilities. Revenue projections show continued growth, with EC$132 million expected in 2025.
Similar success stories include Montenegro's .me domain and Colombia's .co addresses, proving that strategic use of country domains can transform small economies.
Original Article
theweek.comhttps://theweek.com/tech/the-tiny-caribbean-island-sitting-on-a-digital-goldmine