Compass Investments

Aether Holdings and OORT have formed a joint venture to form a decentralized marketplace to aggregate first-class, verified financial data. The partnership aims to address the lack of institutional-grade financial data critical for fintech developers to build next-generation AI algorithms.

Aether Holdings DataHub will be based on the decentralized OORT architecture and will motivate Aether Holdings’ community of financial experts to collect, markup, verify and enrich data that fintech companies can trust.

Aether Holdings, primarily known for its fintech media publications, is teaming up with decentralized cloud data warehouse OORT. They are creating a new community-focused platform that will decentralize and encourage the creation of high-quality financial data sets for AI developers.

The two organizations today announced an agreement to create a joint venture called Aether DataHub, which will leverage OORT’s technology base to address the critical shortage of validated data applicable to financial institutions to train AI systems.

The financial services sector is ready for AI-enabled automation, but adoption has been slower than in many other areas due to a severe lack of suitable data. Aether Holdings argues that in order to develop specialized AI models that can automate tasks such as trading, investing or finding new investment opportunities, specific data that is difficult to discover is vital. While there is no doubt that there is a vast amount of financial data circulating online, the problem is its prevalent unverified nature, making it unacceptable to financial institutions that are bound by strict regulations.

The ultimate goal of the Aether Holdings DataHub is to create a proprietary data layer that will support both Aether Holdings’ own internal AI development plans, as well as provide access to third-party organizations that need specialized data sets to train their AI systems. It will be a place where institutions can find or query unique, human-verified datasets not available elsewhere.

OORT founder and CEO Max Lee said the project is an excellent demonstration of how decentralized infrastructure can help consolidate and leverage collective financial intelligence. We are engaging participants to create a living, evolving layer of financial data that can become the foundation for the data value chain in the global financial marketplace, he said.

Aether Holdings will be responsible for commercializing and developing the market potential of the Aether Holdings DataHub, while OORT will focus on the technical implementation of the platform itself. Aether Holdings retains a controlling interest, giving it leverage over the future strategy of the venture.