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Crypto.com CEO Kris Marszalek purchased the domain AI.com for $70 million, setting a new record for the most expensive domain sale in history. The deal, brokered by Larry Fischer, surpasses the previous record of $49.7 million for CarInsurance.com. Marszalek aims to create a platform similar to OpenAI's offerings and views the purchase as a strategic long-term investment spanning 10-20 years. The entire transaction was paid in cryptocurrency, reflecting the buyer's bet on AI's future despite growing investor concerns about AI spending justification.

AI.com goes for $70M as crypto boss bets big on buzzwords