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In this video, the speaker introduces three free business name generators to help you come up with ideas for your business or domain name quickly. The first generator mentioned is Name Licks, which uses AI to generate name suggestions based on the words you input. You can choose different name lengths, such as short, medium, or long, to suit your preference. Generating names like Supply Digital, Digi Genix, and Digi Tal are examples of what can be produced.