Discussions around quantum computing have surged since Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google teased its next-generation chip, “Willow," sparking interest in equities tied to the technology.

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'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.

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.