Google's new chip Willow made a big statement that quantum computing is coming to the real world. That could also mean a future of cryptocurrency hacking.

In the current one, however, quantum computing has no practical applications. That is not to say that an unprecedented technological revolution might not be around the corner. Quantum computers, unlike traditional ones that rely on digital bits (1s or 0s),

Quantum computing represents massive opportunities if the company involved can be the first to market with a feasible device. Alphabet ( GOOG -0.24%) ( GOOGL 0.06%) seems to be on that track, as a chip produced by its Google subsidiary just posted an unbelievable score on a benchmark test.

Artificial intelligence is sure to get most of the hype, but technologists are making progress in realizing the promise of quantum computing.

Alphabet's Willow quantum chip, with 105 qubits, enhances AI and quantum applications, boosting sentiment. Click here to read my most recent analysis of GOOG.

This announcement comes at a time when Google has faced criticism for slowing down in innovation and losing relevance, especially as competitors like OpenAI have gained significant attention.

Google just dropped Willow, a quantum chip that redefines what “fast” and “accurate” even mean. This isn’t your typical tech innovation. Willow can perform calculations in under five minutes, which would take the fastest supercomputers 10 septillion years to crack.