China has just announced a huge breakthrough in quantum computing technology: The new Jiuzhang 3.0 quantum computer is said to be a million times faster than Google's Sycamore processor.
For comparison: Google's Sycamore needed 200 seconds for a calculation that would have taken a classic supercomputer 10,000 years. Now China claims to have drastically surpassed this performance - with light-based qubits.
Why is this important?
Quantum computers could revolutionize encryption, financial markets and AI development - and if China really takes the lead here, it could shake the technological and economic dominance of the US.
Stock market relevance?
Companies like Alphabet $GOOGL (+0,19%)
Microsoft $MSFT (-1,69%) and Nvidia $NVDA (+0,22%) are investing heavily in quantum computing - do they need to follow suit now?
Quantum computers could crack today's encryption - that would be a massive breakthrough for cybersecurity.
Impact on financial and AI models?
Faster calculations could take high-frequency trading, risk analysis and AI development to a whole new level.
Is this just Chinese propaganda or a serious game changer?
Source: SciTechDaily - China's new quantum computer is 1 million times faster than Google's
https://scitechdaily.com/chinas-new-quantum-machine-runs-one-million-times-faster-than-googles/
