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Interview, explore why the king of domain names Investment. AI
Industry Information
05 Jan 2024 05:48:16 PM
Abstract:
Rick Schwartz has ventured into .ai domain investments. In an interview, he shared his thoughts on the decision to invest in .ai domains and his perspectives on this domain space. Rick mentioned that his understanding of artificial
In 2024, the domain industry witnessed its first significant news with Rick Schwartz venturing into .ai domain investments. In an interview, he shared thoughts on his decision to invest in .ai domains and his perspectives on the domain space. Rick mentioned that his understanding of artificial intelligence (AI) is limited, but he won't invest until AI reaches a critical mass and gains widespread attention. He emphasized that he is not a supporter of .ai, just exploring possibilities and intrigued by the critical mass concept.
Q2) .Ai has some interesting terms and conditions. What are your specific thoughts on this aspect?
He believes that .ai's rules and terms of service could be a major pitfall and require careful consideration. While preventing fraud is a good thing, abusing power is another matter, so it's crucial to closely monitor how the registry handles these issues.
Q3) Do you think .ai will shine only on single-word domains, or do you believe two-word .ai domains can prove to be successful investments?
Rick expressed uncertainty but emphasized that .ai is a domain category that aligns with the use of artificial intelligence and may not be as universal as Dotcom.
Q4) What advice do you have for people new to domain names when using .ai domains?
He advised newcomers to first consider safer bets, understand the industry and end-user needs, and carefully select domains that are suitable for future applications.
Q5) Can you share your favorite .ai purchase?
Rick shared some of his purchased .ai domains, including female names ending in .ai, domains related to artificial intelligence, and some in gambling and pricing categories.
In conclusion, Rick highlighted the potential for the AI domain space to act as a catalyst for the internet, but he emphasized that he is an investor rather than a supporter of .ai, focusing on end-user needs. He also reminded people to pay attention to the actual utility and demand of domains, avoiding blind investments.
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