Close this search box.

Buying an .ai domain name can be a costly endeavor

This post may contain affiliate links. Please read our disclosure for more information.

Buying an .ai domain name can be a costly endeavor

Tech entrepreneur Ian Leaman faced a costly challenge when buying a domain for his AI start-up, Pantry AI. He discovered was already taken and had to negotiate with its owner.

Leaman’s initial $2,000 offer was countered with a $12,000 demand. Eventually, they settled on $12,000 with a payment plan. He values the domain for its strong, memorable name, a rarity nowadays.

AI-related domain prices are soaring, with some fetching six figures. For instance, sold for $250,000 and for $127,500. This trend reflects the growing excitement around AI technologies.

Obtaining a domain involves over 1,000 registrars accredited by The Internet Corporation for Assigned Names. Prospective buyers check availability on these sites. If unclaimed, domains cost as little as £15 annually. However, for claimed names, a domain brokerage is needed to negotiate purchases.

Joe Udemme, CEO of Name Experts, notes a spike in demand for .ai domains. Prices range from five to six figures for short, brandable names.

The total value of AI-inclusive domains hit $20m, up from $7m a year earlier. AI is now a popular term in domain sales, according to Afternic.

Matt Barrie, CEO of Escrow, observes that startups and speculators drive these sales. One speculator made a hefty profit, buying a domain for $300,000 and selling it for $1.5m. A well-chosen domain can boost online visibility and brand recall, acting as a marketing asset.

Popular AI domains typically combine a single word with .ai, seen as prime digital real estate. Leaman preferred over for his business, which aids consumer goods manufacturers.

Andrew Rosener, CEO of MediaOptions, believes the AI domain trend is here to stay. Unlike the fleeting crypto craze, AI’s significance is bolstered by substantial investment and its appeal to businesses. However, he advises against overspending on AI domains unless the company is AI-focused.

More AI News

Check out our Custom GPTs

Check out the Resources Page

Interested in knowing the resources and tools we use across our online businesses? If so, the Resources page lays it all out.

Please share this News Article

If you find this News interesting, please share it with your colleagues, family and friends.

Share your thoughts

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x