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Google's Willow Quantum Chip Outperforms Supercomputers, Boosts Alphabet Shares by 5%

Dec 11, 2024, 06:00 AM

Google has unveiled a new quantum computing chip named Willow, which the company claims represents a major breakthrough in quantum computing technology. The Willow chip is said to have achieved 'beyond breakeven' performance with real-time error correction, a significant step towards practical quantum computations. Google asserts that Willow, with its 105 qubits, can perform tasks that would take the world's fastest supercomputers trillions of years in just five minutes. The chip's development has sparked discussions on its potential impact on cybersecurity, with concerns about the future of encryption and cryptocurrency security. Alphabet Inc., Google's parent company, saw its shares jump by 5% following the announcement, reflecting investor optimism about the technology's potential. Google has outlined its roadmap for quantum computing, highlighting error correction improvements, and its CEO and founder have commented on the significance of this advancement.