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The video introduces three free business name generators to help generate ideas for naming a business or domain quickly. The first generator, Name Licks, uses AI to suggest names based on user input. Users can select the length of the names generated and choose from a variety of options. The generator provides a list of different name suggestions, such as Supply Digital, Digi Genix, and Self Digi, to help users come up with unique and memorable names for their business.