Hybrid Quantum Model Boosts Energy Consumption Forecast Accuracy by 20%
On October 2, Silicon Quantum Computing (SQC) and Schneider Electric announced the results of the first phase of their joint energy consumption forecasting project. The hybrid quantum-classical model improved forecast accuracy by an average of 20% compared to the classical benchmark, with improvements reaching up to 41% in certain cases.
AI-Driven Scam Defrauds Italian Bank of €95 Million
Fraudsters convinced the chairman of the Italian bank Fideuram to transfer nearly €95 million to overseas accounts using fake messages and an AI-cloned voice. Some of the funds were recovered, but at least €36 million were converted into cryptocurrency, according to Corriere della Sera, citing investigation materials.
