Anguilla was allotted control of the .ai internet address in the 1990s. The British territory’s earnings from web domain registration fees quadrupled last year to $32-million
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.
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 per cent of Anguilla’s total government revenue. Before the AI boom, it hovered at around 5 per cent. 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.”
A local software entrepreneur had previously helped Anguilla set up its registry system decades earlier. 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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