HOW THE TINY CARIBBEAN ISLAND OF ANGUILLA HAS TURNED THE AI BOOM INTO A DIGITAL GOLD MINE
Techlife News|October 19, 2024
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.
HOW THE TINY CARIBBEAN ISLAND OF ANGUILLA HAS TURNED THE AI BOOM INTO A DIGITAL GOLD MINE

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.

That’s where Anguilla comes in. The British territory was allotted control of the .ai internet address in the 1990s. It was one of hundreds of obscure top-level domains assigned to individual countries and territories based on their names.

While the domains are supposed to indicate a website has a link to a particular region or language, it’s not always a requirement.

Google uses google.aito showcase its artificial intelligence services while Elon Musk uses x.aias the homepage for his Grok AI chatbot. Startups like AI search engine Perplexity have also snapped up .ai web addresses, redirecting users from the .​com version.

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% of Anguilla’s total government revenue. Before the AI boom, it hovered at around 5%.

Anguilla’s government, which uses the gov. ai home page, collects a fee every time an .ai web address is renewed. The territory signed a deal Tuesday with a U.S. company to manage the domains amid explosive demand but the fees aren’t expected to change. It also gets paid when new addresses are registered and expired ones are sold off. Some sites have fetched tens of thousands of dollars.

Esta historia es de la edición October 19, 2024 de Techlife News.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición October 19, 2024 de Techlife News.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE TECHLIFE NEWSVer todo
THE WORLD'S SECOND SPHERE WILL BE BUILT IN THE UAE CAPITAL AFTER THE FIRST OPENED IN LAS VEGAS
Techlife News

THE WORLD'S SECOND SPHERE WILL BE BUILT IN THE UAE CAPITAL AFTER THE FIRST OPENED IN LAS VEGAS

The world’s second Sphere is planned to be built in the capital of the United Arab Emirates after the opening of the first giant dome entertainment complex in Las Vegas.

time-read
2 minutos  |
October 19, 2024
US AGENCY ADOPTS RULE TO MAKE IT EASIER FOR CONSUMERS TO CANCEL UNWANTED SUBSCRIPTIONS
Techlife News

US AGENCY ADOPTS RULE TO MAKE IT EASIER FOR CONSUMERS TO CANCEL UNWANTED SUBSCRIPTIONS

The Federal Trade Commission adopted a final rule this week that will require businesses to make it easy for consumers to cancel unwanted subscriptions and memberships.

time-read
1 min  |
October 19, 2024
UNITED AIRLINES IS ADDING 8 NEW INTERNATIONAL DESTINATIONS TO ITS ITINERARY FOR NEXT SUMMER
Techlife News

UNITED AIRLINES IS ADDING 8 NEW INTERNATIONAL DESTINATIONS TO ITS ITINERARY FOR NEXT SUMMER

United Airlines is adding eight new international destinations to its itinerary for next summer.

time-read
1 min  |
October 19, 2024
TECH TIP: HERE'S WHAT YOU NEED TO DO BEFORE AND AFTER YOUR PHONE IS STOLEN OR LOST
Techlife News

TECH TIP: HERE'S WHAT YOU NEED TO DO BEFORE AND AFTER YOUR PHONE IS STOLEN OR LOST

Phones hold so much of our digital lives emails, social media and bank accounts, photos, chat messages and more — that if they ever get stolen or go missing, it can cause major disruption beyond just the loss of a device.

time-read
4 minutos  |
October 19, 2024
TIKTOK WAS AWARE OF RISKS KIDS AND TEENS FACE ON ITS PLATFORM.LEGAL DOCUMENT ALLEGES
Techlife News

TIKTOK WAS AWARE OF RISKS KIDS AND TEENS FACE ON ITS PLATFORM.LEGAL DOCUMENT ALLEGES

TikTok was aware that its design features are detrimental to its young users and that publicly touted tools aimed at limiting kids’ time on the site were largely ineffective, according to internal documents and communications exposed in lawsuit filed by the state of Kentucky.

time-read
4 minutos  |
October 19, 2024
WHY YOU SHOULDN'T STORE YOUR MONEY IN PAYMENT APPS
Techlife News

WHY YOU SHOULDN'T STORE YOUR MONEY IN PAYMENT APPS

Connor Tomasko grew up wary of credit cards. As she taught herself more about managing money, she realized that many people also have bad habits when it comes to payment apps.

time-read
4 minutos  |
October 19, 2024
AMAZON, GOOGLE MAKE DUELING NUCLEAR INVESTMENTS TO POWER DATA CENTERS WITH CLEAN ENERGY
Techlife News

AMAZON, GOOGLE MAKE DUELING NUCLEAR INVESTMENTS TO POWER DATA CENTERS WITH CLEAN ENERGY

Amazon this week said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence.

time-read
4 minutos  |
October 19, 2024
AI IS HAVING ITS NOBEL MOMENT.DO SCIENTISTS NEED THE TECH INDUSTRY TO SUSTAIN IT?
Techlife News

AI IS HAVING ITS NOBEL MOMENT.DO SCIENTISTS NEED THE TECH INDUSTRY TO SUSTAIN IT?

Hours after the artificial intelligence pioneer Geoffrey Hinton won a Nobel Prize in physics, he drove a rented car to Google's California headquarters to celebrate.

time-read
4 minutos  |
October 19, 2024
NOBEL PRIZE IN CHEMISTRY HONORS 3 SCIENTISTS WHO USED AI TO DESIGN PROTEINS - LIFE'S BUILDING BLOCKS
Techlife News

NOBEL PRIZE IN CHEMISTRY HONORS 3 SCIENTISTS WHO USED AI TO DESIGN PROTEINS - LIFE'S BUILDING BLOCKS

Three scientists who discovered powerful techniques to decode and even design novel proteins — the building blocks of life — were awarded the Nobel Prize in chemistry last week. Their work used advanced technologies, including artificial intelligence, and holds the potential to transform how new drugs and other materials are made.

time-read
4 minutos  |
October 19, 2024
VOLUNTEERS BRING SOLAR POWER TO HURRICANE HELENE'S DISASTER ZONE
Techlife News

VOLUNTEERS BRING SOLAR POWER TO HURRICANE HELENE'S DISASTER ZONE

Nearly two weeks after Hurricane Helene downed power lines and washed out roads all over North Carolina’s mountains, the constant din of a gas-powered generator is getting to be too much for Bobby Renfro.

time-read
4 minutos  |
October 19, 2024