Shares of Google’s parent company Alphabet rose to the highest point since July this year. This increase came following the announcement of the new chip named, ‘Willow’. It has come across as a groundbreaking quantum computing chip developed by Google.
This innovative chip is claimed to perform even the hardest calculations in under five minutes. The task that would be completed by the fastest supercomputers in an astonishing 10 septillion years to complete, these chips can finish quickly.
A blog post was released on Monday where the founder and lead of Google Quantum AI, Hartmut Neven highlighted the remarkable capacity of Willow to significantly reduce errors as it makes use of an increasing number of qubits, which in quantum computing are referred to as the fundamental units of information. For context, a septillion is 1 followed by 24 zeros which is 15 zeroes more than a billion.
Neven also noted that traditionally, as more qubits are deployed there are chances that quantum chips would generate more errors.
This challenge is referred to as the ‘quantum error correction’ which is the second of six milestones on the roadmap of Google towards developing a large, error-corrected quantum computer.
In a statement made by the CEO of Google Sundar Pichai on X on Monday, it was mentioned that Willow is being seen as a major development in Google’s quest to develop a functional quantum computer which includes real-world applications in several fields. These fields include fusion energy, drug discovery, battery design and much more.
Alphabet’s shares on Tuesday, i.e. the 10th of December saw a growth of around 5% and at the end of the day it closed at $186.53. The shares of Alphabet have seen a rise of more than 30% this year.
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