Forget AI — credit rating giant feared by all countries just issued an alarming warning as Google and CloudFlare make crucial moves: "PQC spending will compete directly with AI investment"

Quantum computing.

• Quantum computing is threatening today’s encryption standards faster than expected
• Google and Cloudflare accelerate PQC migration targets to 2029
• Organizations should prioritize PQC spending alongside AI

Credit rating giant Moody's Ratings has warned that organizations could be underestimating just how quickly quantum computing could threaten current encryption standards, to the point that slow post-quantum cryptography adoption could even post a credit risk.