You probably never figured the Caribbean island of Anguilla would be a hotbed of AI activity, but here we are. One of the more interesting press releases I received this morning:
"Due to the rise in popularity of Artificial Intelligence (AI), .ai domain registration figures have skyrocketed. The small island of Anguilla, whose government owns the country code top-level domain (ccTLD) .ai, has had a huge spell of luck after reaping significant profits amid this tech-driven trend."
"Anguilla’s government is earning around $3 million every month from registrations, which has almost surpassed the revenue generated from all goods and services, from all of their shops and restaurants each month of the year so far. Should this trend persist, projections suggest a potential additional revenue of up to $45 million by the end of 2024."
"Although this presents a significant opportunity for a tiny island of only 16,000 inhabitants, such reliance on a single revenue stream poses potential risks to the nation’s economic prospects."