The artificial intelligence boom has benefited chatbot makers, computer scientists and Nvidia investors. It’s also providing an unusual windfall for Anguilla, a tiny island in the Caribbean.
ChatGPT’s debut nearly two years ago heralded the dawn of the AI age and kicked off a digital gold rush as companies scrambled to stake their own claims by acquiring websites that end in .ai.
Anguilla’s earnings from web domain registration fees quadrupled last year to $32 million, fueled by the surging interest in AI. The income now accounts for about 20 percent of Anguilla’s total government revenue. Before the AI boom, it hovered at around 5%. Webster said the money takes the pressure off government finances and helps fund key projects, but cautioned that “we can’t rely on it solely.”
Identity Digital, which also manages Australia’s .au domain, expects to migrate all .ai domain services to its systems by the start of next year, Identity Digital Chief Strategy Officer Ram Mohan said in an interview. The income also provides “budget support” for other projects the government is eyeing, such as a national development fund it could quickly tap for hurricane recovery efforts. The island normally relies on assistance from its administrative power, Britain, which comes with conditions, Webster said.
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