This Island Makes $3m a Month Off AI

Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://thehustle.co/ The island of Anguilla is millions of dollars richer, thanks to the .ai website domain. In the 1980s, the Internet Assigned Numbers Authority (IANA) started assigning two-letter domains to nations and territories. These top-level domains have been a key part of Internet geography ever since; “.au’ for Australia, “.ca” for Canada, “.jp” for Japan, and so on. In 1995, Anguilla pulled “.ai,” which is now paying off — big. In 2018, the nation was annually making $2.9m from the domains, per The New York Times, covering the combined salaries of all of the territory’s primary school educators. Anguilla is now making that amount per month, according to IEEE Spectrum.