From Hollywood to Wall Street: AI and Quantum Computing Are Reshaping the Economy

Core Insights - The article emphasizes the rapid advancements in artificial intelligence (AI) and quantum computing, highlighting the potential of quantum computing to overcome current limitations in AI development [1][2] - Scope Technologies Corp. is actively expanding its global reach through strategic partnerships, enhancing its quantum security solutions [3][4][5] Industry Overview - The quantum computing market is projected to reach an addressable market of $15-20 billion from 2025 to 2030, with potential economic impacts of up to$1 trillion within the next decade and $2 trillion by 2035 [2] - AI is estimated to contribute as much as$4.4 trillion annually to the global economy [2] Company Developments - Scope Technologies Corp. has signed a strategic partnership with Coegi Cloud AB to enhance the adoption of its quantum security solutions, including quantum-resistant encryption and decentralized data storage [3][4] - The company also partnered with COGITO, a software distributor with a significant presence in China, to promote its quantum security offerings [5][6] - Scope Technologies has integrated its AI-powered Quantum Preparedness Assessment tool with risk management frameworks, facilitating businesses in assessing quantum-related cybersecurity risks [7] - The company secured $2.8 million in new funding, including a$1 million debt financing deal, to support growth and innovation [7] Competitor Activities - The Walt Disney Company is leveraging AI to enhance operations and advertising, reaching an estimated 157 million ad-supported monthly active users across its streaming platforms [8][9] - Electronic Arts Inc. is utilizing AI and machine learning to streamline game development, particularly in its sports titles, enhancing realism and efficiency [10][11][12] - Meta Platforms, Inc. is developing a standalone AI app to compete with existing technologies, while also shifting its content moderation strategy to incorporate user-generated fact-checking [12][13] - Microsoft Corporation has unveiled a new quantum processor, Majorana 1, which aims to advance fault-tolerant quantum computing, although it faces skepticism regarding its claims [14][15]