A tiny island in the Caribbean is now sitting on a digital treasure.

Anguilla, a tropical British territory, is known for its coral reefs and white sand beaches. Since the 1990s, however, it's also been in charge of assigning internet addresses that end in .ai to residents and businesses looking to register websites. It was one of hundreds of country-specific domain names and easy to overlook-until recently.

Stability.ai, Elon Musk's X.ai and Character.ai are just a few of the hot artificial intelligence startups that have snapped up the .ai domain assigned to the islands and cays that comprise Anguilla. Plenty of tech giants have their own web addresses ending in .ai as well: Google.ai and Facebook.ai route visitors to their company's AI-focused webpages and Microsoft.ai shows off the company's Azure AI services.

The total number of registrations of sites ending with these two letters has effectively doubled in the past year to 287,432, according to Vince Cate, who for decades has managed the .ai domain for Anguilla. Cate estimates Anguilla will bring in as much as $30 million in domain-registration fees for 2023. (Government officials did not respond to requests for comment.)

Once one of the many obscure top-level domains assigned to countries and territories, .ai websites experienced a slow but steady increase in demand in recent years. But the sudden spike in .ai domains nine months ago highlights the broader frenzy around artificial intelligence and its ripple effects throughout the global economy.

Since ChatGPT launched, a growing number of tech companies have raced to raise billions in capital, scoop up engineering talent and secure powerful but increasingly scarce chips. A domain may sound less essential, but for an industry obsessed with clever branding, the right name can be everything.

"Since November 30, things are very different here," Cate said, referring to the date when ChatGPT launched publicly.

Cate said he moved to Anguilla from the US in 1994 to work on what he described as an early cryptocurrency payment system and began managing Anguilla's .ai registrations soon after. While .ai registrations grew for years, they "shot up" in December through March, he said, but have since leveled off.

Source from indiatimes

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