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Scope AI Corp. - SCPCF STOCK NEWS

Welcome to our dedicated page for Scope AI news (Ticker: SCPCF), a resource for investors and traders seeking the latest updates and insights on Scope AI stock.

Scope AI Corp., previously known as Scope Carbon Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8), is a technology company based in Vancouver, Canada. The company specializes in artificial intelligence-driven image software, focusing on the identification and estimation of carbon-based lifeforms and emissions for carbon credits. Scope AI's flagship product, the Scope Analysis Platform, is an AI-powered tool for carbon mapping and analysis. The company recently appointed James Young as its new CEO, bringing over 25 years of experience in Adtech, Gaming, and Publishing. Scope AI aims to provide innovative AI solutions that drive growth and productivity across various industries.

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Scope AI Corp. has entered into a technology agreement with Ovryde to acquire ownership and rights to their quantum-resilient entropy (QSE) technology. This advanced security measure is designed to protect data against future quantum computing threats. The Global AI in Cybersecurity Market is projected to grow significantly, from $22.1 billion in 2023 to $147.5 billion by 2033, at a CAGR of 20.8%. With this acquisition, Scope AI aims to expand its cybersecurity offerings, address emerging quantum threats, and create new revenue streams.

The QSE Technology product suite includes API-based quantum-resilient entropy as a service and encrypted cloud, on-premise, and decentralized storage solutions, ensuring robust protection for sensitive data in transit and at rest. Scope AI's payment for this acquisition includes $400,000 and 2,800,000 common shares issued to Ovryde. This deal positions Scope AI as a market leader in quantum-resilient security solutions, preparing businesses for future advancements in digital security.

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Scope AI Corp. announced the acquisition of Ovryde 's quantum resilient entropy (QSE) technology to strengthen its cybersecurity offerings. This agreement, dated July 9, 2024, allows Scope AI to integrate advanced quantum security measures, providing robust protection against future quantum computing threats. The acquisition enhances Scope's product suite, facilitates faster deployment, and opens new revenue opportunities in high-security industries such as finance, healthcare, and government. It also enables clients to meet evolving regulatory standards and prepares businesses for future advancements in digital security. Overall, the move positions Scope AI as a leader in quantum-resilient security solutions and supports sustainable growth through continuous technological adaptation.

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Scope AI Corp. (CSE: SCPE, OTCQB: SCPCF, FSE: VN8) announced a collaboration with leading ad agencies and networks to optimize its GEM (General Enterprise Machine Learning) platform. This initiative aims to gather insights into challenges faced by these organizations, particularly in analyzing ad creatives and page layouts. The feedback will help refine GEM's AI-driven visual recognition and neural network technology, enhancing its market fit and value for advertisers, brands, and Adtech providers. CEO James Young emphasized the importance of addressing real-world challenges to ensure GEM meets specific industry needs. Scope AI is also expanding its development team to integrate this feedback and drive innovation in the advertising technology sector.

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Scope AI Corp. has announced advancements in its GEM (General Enterprise Machine Learning) platform, designed to enhance visual recognition and neural network technology in the AdTech sector. The company is expanding its development team to accelerate the GEM system, which offers AI-driven visual analysis for advertisers, enabling efficient campaign management without live testing. Key features include safety and fraud measures, cross-channel integration, bid optimization, and personalization. CEO James Young emphasizes their commitment to innovation and growth in AI technology to drive productivity and campaign performance.

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Scope AI Corp. (SCPE) introduces GEM, an AI-driven recognition technology, aiming to revolutionize Advertising and Gaming industries. GEM utilizes neural networks for user behavior analysis, personalized ad content, and customized gameplay. The platform offers advanced pattern recognition and data analysis capabilities. With performance and security upgrades, Scope is set to lead in data processing and storage, empowering businesses with innovative solutions.

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Scope AI Corp. provides an update on its artificial intelligence-driven recognition technology, GEM, expanding its focus to develop a one-stop web solution for businesses to create custom image detection, behavior analysis, and neural network systems. The new GEM platform, set to launch in late May 2024, will offer businesses the ability to harness neural networks for their unique use cases, with initial target markets in advertising, gaming, and healthcare industries.

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Scope AI Corp. announced the appointment of James Young as the new Chief Executive Officer, bringing over 25 years of experience in Adtech, Gaming, and Publishing industries. The company aims to drive development, growth, and innovation in visual and object recognition under his leadership, providing value to shareholders, customers, and employees. James Young succeeds former CEO James Liang, who will assist in the transition. Scope granted 1,000,000 RSUs to Mr. Young, subject to vesting terms.

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Scope AI Corp. (SCPE) undergoes a name change from Scope Carbon Corp., appoints new investor relations services provider, and announces director resignation.
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Scope Carbon Corp. (SCPCF) announces a name change to Scope AI Corp. without affecting share structure or shareholder rights. The company plans to update shareholders on AI-driven image software.
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Scope Carbon Corp. has completed a non-brokered private placement, raising CDN $2,000,000 in gross proceeds. The Offering consisted of 1,250,000 units at a price of CDN $1.60 per unit. Each unit includes one common share and one half of a common share purchase warrant. The Company plans to use the net proceeds for the acquisition of Farm Flight, Inc. and general working capital purposes. The securities issued are subject to a four-month hold period and are not registered under the U.S. Securities Act.
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FAQ

What is Scope AI Corp.'s core business focus?

Scope AI Corp. specializes in artificial intelligence-driven image software for the identification and estimation of carbon-based lifeforms and emissions for carbon credits.

Who is the new CEO of Scope AI Corp.?

James Young has been appointed as the new Chief Executive Officer of Scope AI Corp., bringing over 25 years of leadership experience in Adtech, Gaming, and Publishing.

What is the flagship product of Scope AI Corp.?

Scope AI's flagship product is the Scope Analysis Platform, an AI-powered tool for carbon mapping and analysis.

Where is Scope AI Corp. headquartered?

Scope AI Corp. is headquartered in Vancouver, British Columbia, Canada.

What industries does Scope AI Corp. target with its AI solutions?

Scope AI Corp. targets industries such as advertising, gaming, and healthcare with its AI-driven software solutions.

Scope AI Corp.

OTC:SCPCF

SCPCF Rankings

SCPCF Stock Data

67.03M
40.85M
10.51%
6.42%
Software - Application
Technology
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United States of America
Vancouver