OORT joins China's leading data trading platform, accelerating growth across the Asian market

NEW YORK CITY, NY / ACCESSWIRE / August 15, 2024 / OORT, leading cloud platform for decentralized AI, is excited to announce today that it will join the Shenzhen Data Exchange, China's leading data trading platform. This listing will enable OORT to offer its products and services, including OORT DataHub and OORT AI, to a vast network of companies and industries across Asia.

China's strong support for AI innovation has led to a thriving ecosystem of AI startups, providing OORT with a significant opportunity to expand its reach and impact. In particular, the availability of vast AI datasets from OORT DataHub on the exchange will empower companies with the resources they need to innovate and scale. In addition, the OORT AI solution can facilitate companies' easy deployment of AI agents into their business.

"Listing OORT on the Shenzhen Data Exchange marks a significant milestone in our journey," said Max Li, Founder and CEO at OORT. "With China being home to the largest number of AI companies globally, the data exchange provides a robust platform for OORT's products to facilitate the development and growth of these companies for public goods. "

This announcement comes on the heels of launching the OORT DataHub earlier this year, and adds the Shenzhen Data Exchange to a growing list of industry-leading partners including Dell, Lenovo, Tencent Cloud, Storj, and many more.

The Shenzhen Data Exchange, part of the Shenzhen Exchange Group, aims to become a national-level data exchange platform. It facilitates cross-regional and cross-border data flows, pioneering market-driven models and pathways that support the development of China's digital economy.

"With its advanced concepts and technologies in AI and blockchain, OORT is opening new avenues for growth and offering substantial value to its clients," said Zhao Yang, Deputy General Manager of the Shenzhen Data Exchange. "We invite more top-tier global data service providers to join the Shenzhen Data Exchange to foster mutual benefit relationships and shared growth."

In June 2024, the Shenzhen Data Exchange became the first data trading platform in China to surpass the 10 billion yuan mark, reaching a transaction volume of 10.539 billion yuan (approximately $1.48 billion USD). As of June 2024, the exchange has listed 2,263 items across more than 70 industries and 265 application scenarios, establishing a data ecosystem that is rooted in Shenzhen, extends across China, and reaches a global audience.

In the cross-border business sector, the Shenzhen Data Exchange is actively advancing the development of international data flows.

For more information about OORT and its products, please visit https://www.oortech.com/ or follow OORT on X at https://x.com/oortech.

About Oort

OORT is a decentralized verifiable cloud computing platform for AI applications. OORT's network leverages global resources from data centers to local edge devices with a proprietary blockchain-based verification layer to secure all transactions and computations, from data crowdsourcing and labeling to model training and local inference. By harnessing the power of decentralized networks, OORT aims to return value to users while creating a more scalable and equitable future for AGI (Artificial General Intelligence).

Media Contact:

Ryan Gorman
ryan@babslabs.io

Laura Estefania Lopez
laura@babslabs.io

SOURCE: Oortech LLC