Issued on behalf of Scope Technologies Corp.
VANCOUVER – USA News Group News Commentary – As new quantum-computing tools edge closer to deployment for both businesses and cyber threats, experts are urging a global transition to quantum-secure cryptography in healthcare. IBM contributors have called on CIOs to begin preparations for quantum-safe cryptography, with an urgent emphasis on healthcare and life sciences. Today, 85% of industry leaders advocate for substantial investments in quantum computing. Driving these efforts are partnerships and breakthroughs led by tech companies advancing quantum-secure solutions, including Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Quantum Computing Inc. (NASDAQ: QUBT), Intel Corporation (NASDAQ: INTC), International Business Machines Corporation (IBM) (NYSE: IBM), and NVIDIA Corporation (NASDAQ: NVDA).
The article continued: Analysts at MarketsandMarkets forecast the Quantum Computing in Healthcare Market to soar at a 42.5% CAGR, growing from $85 million in 2023 to $503 million by 2028. Earlier this year, Heliyon published an article on ScienceDirect detailing how post-quantum healthcare could chart a path toward cybersecurity resilience for sensitive medical data.
Scope Technologies Forms Strategic Alliance with Global Care Innovations and BitLab to Drive Advanced AI and Quantum Security Solutions for Healthcare Across North America
Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), a pioneering technology company specializing in quantum security and machine learning (ML), today announced the signing of a Letter of Intent (LOI) with Global Care Innovations Inc. (GCI) and BitLab. The strategic partnership aims to deliver both quantum-secure data solutions and advanced AI-powered tools to healthcare providers across North America, enhancing patient care through cutting-edge technology. This partnership underscores Scope’s positioning towards becoming a leader in secure technology applications for critical sectors like healthcare
“This partnership with GCI and BitLab marks a significant step forward in our mission to secure sensitive health information against both current and future cyber threats,” said James Young, CEO of Scope Technologies. “Our collaboration combines robust quantum security with innovative AI solutions, empowering healthcare providers to protect patient data while improving diagnostics and treatment options through advanced AI.”
Under the proposed terms of the LOI, GCI will license Scope’s QSE suite of quantum-resistant encryption and decentralized storage solutions, providing HIPAA-compliant, secure data management for healthcare organizations. Additionally, BitLab, a Toronto-based technology innovation lab, will serve as the primary development partner, leveraging Scope’s visual recognition and neural network technologies to create tailored AI applications that meet the unique needs of each healthcare provider.
The collaboration’s AI focus will enable healthcare providers to leverage Scope’s visual recognition and annotation technology in multiple applications, developed by BitLab to improve diagnostics, streamline patient care, and enhance health outcomes. From AI-powered diagnostic tools to personalized treatment recommendations, Scope’s technology offers a scalable foundation for various healthcare innovations, all underpinned by quantum-secure data storage to ensure patient data remains protected.
“Scope’s technology aligns perfectly with our vision of transforming healthcare through AI-driven solutions and secure data management,” said Dr. Ragui Ibrahim, CEO of GCI. “This partnership enables us to expand our offerings to healthcare providers, ensuring that data is safeguarded both today and as we move into a quantum-powered future.”
On the quantum security side, GCI will integrate Scope’s QSE platform to offer both quantum-resistant data backups and individual patient data vaults, designed to meet or exceed regulatory standards for data protection.
“Our focus at BitLab is on delivering scalable, innovative solutions in AI and MedTech,” said Shoukri Kattan, CEO of BitLab. “By integrating Scope’s advanced AI and quantum security capabilities, we’re setting new benchmarks for healthcare technology and improving the quality of care across the sector.”
The transaction is subject to the parties entering into a definitive agreement.
CONTINUED… Read this and more news for Scope AI at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
In other industry developments and happenings in the market this week include:
Quantum Computing Inc. (QCi) (NASDAQ: QUBT), an innovative, integrated photonics and quantum optics technology company, recently announced significant progress as it approaches the final commissioning of its quantum photonic chip foundry, set to open in Q1 2025.
In September, QCi launched a pilot program to secure early orders for its TFLN foundry services, building an ecosystem for high-performance photonic circuits. Led by Drs. Pouya Dianat and Milan Begliarbekov, QCi is negotiating contracts globally, with plans to finalize multiple orders for TFLN modulator chips by year-end. QCi also signed MOUs with Spark Photonics in the U.S. and Alcyon Photonics in Europe to support its goals in PIC design, manufacturing, and expanding its global presence.
"The early engagement from strategic partners and customers, such as these, underscores our confidence in the strong growth potential for our photonic chips and highlights the global market interest in the TFLN capabilities of our foundry," said Dr. William McGann, CEO of QCi. "This positive response reflects the increasing market demand for TFLN technology, which promises substantial performance advantages and energy cost savings across applications in photonic-based quantum computing, defense, artificial intelligence (AI), and data center connectivity and optical interconnects."
Intel Corporation (NASDAQ: INTC), a leading technology company specializing in designing and manufacturing semiconductor products like microprocessors and chipsets for global markets, recently announced a collaboration with Flapmax to launch the Quantum AI Challenge, an initiative designed to foster innovation and collaboration among Historically Black Colleges and Universities (HBCUs). The challenge invites students, faculty, and researchers to solve real-world problems using quantum computing and AI technologies.
"AI and quantum computing represent the next frontiers in solving some of the world's most pressing challenges, and we're excited to support this initiative that empowers HBCU students to lead in this space," said Michael Campbell, General Manager, Education Client Division, Intel Corporation. "By providing access to Intel's cutting-edge AI hardware and tools, we hope to accelerate innovation and inclusion within the quantum community."
International Business Machines Corporation (IBM) (NYSE: IBM), a global technology company specializing in cloud computing, artificial intelligence, and enterprise IT solutions, serving diverse industries worldwide, recently announced the launch of quantum hardware and software advancements to execute complex algorithms on IBM quantum computers with record levels of scale, speed, and accuracy.
IBM Quantum Heron, IBM’s most powerful quantum processor, now supports Qiskit for running quantum circuits with up to 5,000 two-qubit gate operations, enabling research in fields like materials, chemistry, life sciences, and physics.
"Advances across our hardware and Qiskit are enabling our users to build new algorithms in which advanced quantum and classical supercomputing resources can be knit together to combine their respective strengths," said Jay Gambetta, Vice President, IBM Quantum. "As we advance on our roadmap towards error-corrected quantum systems, the algorithms discovered today across industries will be key to realizing the potential to solve new problems realized through the convergence of QPUs, CPUs, and GPUs."
NVIDIA Corporation (NASDAQ: NVDA), a leading technology company specializing in designing and supplying GPUs and software for gaming, data centers, and professional visualization globally, recently announced that Japan cloud leaders SoftBank Corp., GMO Internet Group, Highreso, KDDI, Rutilea and SAKURA internet are building AI infrastructure with NVIDIA accelerated computing, networking and software to accelerate transformation across the nation’s robotics, automotive, healthcare and telecom industries.
“Japan’s companies stand to benefit tremendously from the new industrial revolution powered by AI,” said Jensen Huang, founder and CEO of NVIDIA. “Company employees will supercharge their speed and productivity by automating work with AI agents. Industrial companies of tomorrow will operate dual factories — new AI factories to produce software intelligence for the products and machines their factories make today. Working with NVIDIA, Japan’s cloud providers are building the AI factories essential to reinvent the country’s automotive, robotics, telecommunications and healthcare industries for the age of AI.”
The services from Japan’s cloud providers are supported through a Japan Ministry of Economy, Trade and Industry (METI) program to supply critical compute resources across industries. The cloud providers are operating their AI data centers across the country’s central, northern and western regions to support development with national and regional NVIDIA accelerated computing infrastructure.
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
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