Official announcements from companies or major tech news outlets

Google's Willow Quantum Chip Boosts Market Cap by $120B, Suggests Multiple Universes

Dec 11, 2024, 01:06 PM

Google has unveiled a new quantum computing chip named Willow, which the company claims could indicate the existence of multiple universes. The breakthrough in quantum computing technology was highlighted in a blog post by Google, suggesting that the chip's capabilities might extend beyond our current understanding of physics. This announcement led to a significant market response, with Google's stock, $GOOGL, adding nearly $120 billion to its market cap. The 105-qubit Willow chip uses advanced error correction techniques to solve mathematical equations that would take classical supercomputers longer than the history of the universe to compute. Google's Willow chip marks a significant advancement in the field, potentially building a 'tech moat' around quantum computing. The technology has sparked discussions on its implications for blockchain security, with experts suggesting that while quantum computing poses a future risk, current blockchain technologies are not immediately threatened by this development.