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Speaker 1: Frame bridge.

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Speaker 2: Google this week unveiled its third generation quantum computing chip

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Speaker 2: called Willow, to much excitement. It's considered the fastest computer

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Speaker 2: chip ever produced and solves problems at remarkable speed. So

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Speaker 2: let's have a look at what investors are thinking about this.

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Speaker 2: Sam Dicky from Fisher Funds is with me. Sam, Good evening,

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Speaker 2: Good evening, Ryn. Give us a bit of a background here.

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Speaker 2: What is First of all, what's um quantum computing and

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Speaker 2: how does it differ from classical computing.

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Speaker 3: Yeah, so classical computing harnesses classical physics to process data.

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Speaker 3: So remember bits, bits of binary only one state at

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Speaker 3: a time, either a zero or one, a yes or no,

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Speaker 3: while quantum computing harnesses quantum physics. So we're the so

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Speaker 3: called cubits which are the building blocks of quantum chips,

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Speaker 3: while bits of the building blocks of normal chips. They

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Speaker 3: can exist in multiple states at once, so they can

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Speaker 3: be zero or one or both at once, or anything

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Speaker 3: in between. So, if you think about it in a

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Speaker 3: simplistic way, if the classical computer was so in a

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Speaker 3: jigsaw puddle puzzle, it would have to try each piece

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Speaker 3: one at a time at binary zero, one, yes or no,

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Speaker 3: whether the piece fits, while a quantum computer, when it

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Speaker 3: was solving the same jigsaw puzzle would try all of

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Speaker 3: the pieces all at the same time, considering all possible

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Speaker 3: solutions simultaneously. So it just means it's exponentially faster than

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Speaker 3: a classical computer.

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Speaker 2: In other words, Willow is the brainy kit in class.

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Speaker 1: That's right, it's the race source, that's right.

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Speaker 2: So let's go to the new chip. Then what is

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Speaker 2: that and why is that?

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Speaker 1: You know that?

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Speaker 2: I mean, I can understand the hype given what you've

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Speaker 2: just said, but why the hype about will Open in particular.

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Speaker 3: Yeah, So they released it two days ago and it's

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Speaker 3: making headlines because it can perform what is a sort

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Speaker 3: of a benchmark extremely complex computation used in quantum computing,

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Speaker 3: in under five minutes.

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Speaker 1: So that's a.

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Speaker 3: Task that would take the world's top classical supercomputers ten

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Speaker 3: septillion years to complete. So that's the number with twenty

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Speaker 3: four zeros, which is far longer than the age of

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Speaker 3: our universe, and Willow consulted in five minutes. And what

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Speaker 3: happened here is Google cracked it a thirty year long

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Speaker 3: struggle in quantum computing, so older quantum computing chips found

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Speaker 3: that the rate of error is multiplied as you added

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Speaker 3: more cubits those building blocks of quantum computing chips. But

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Speaker 3: Google figured out how to make the rate of eras

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Speaker 3: full exponentially as you scale up or add cubits.

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Speaker 1: So then absolute game changer and quantum computing.

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Speaker 2: Is it a human that is creating this or is

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Speaker 2: it a computer that's creating this?

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Speaker 1: Yeah, combination.

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Speaker 3: I mean it's the Google's Google Quantum AI division in

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Speaker 3: Santa Barbara.

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Speaker 1: There's about three hundred of them. Three hundred people that

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Speaker 1: is that.

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Speaker 3: That's not the computers, and obviously they're exceptionally intelligent, but

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Speaker 3: clearly using AI and generative AI and super compu classical

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Speaker 3: supercomputers to create these quantum computing chips.

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Speaker 2: Incredible stuff. What are the what do you do with

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Speaker 2: something like that? What are the applications?

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Speaker 1: Show off? No, No, I'm just.

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Speaker 3: Much faster drug discovery, potential breakthroughs, and this is all

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Speaker 3: this is coming from Satya.

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Speaker 1: I'm not Satya.

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Speaker 3: Sorry, this is coming from the sea of Google potential

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Speaker 3: breakthroughs and fusion fusion energy, so the ultimate limitless clean

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Speaker 3: energy and the winners of this, I guess those at

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Speaker 3: the forefront of quantum computing the losers. It'll be interesting

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Speaker 3: if this does become commercially viable, which is still an if.

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Speaker 3: It could be companies that have made their beds developing

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Speaker 3: classical computer chips, like Intel or Samsung, but those companies

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Speaker 3: are just to be clear, investing in quantum computing as well.

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Speaker 2: What does this mean for investors.

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Speaker 3: Well, Google's added a lazy quarter of a trillion dollars

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Speaker 3: in market cap in the two day last two days

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Speaker 3: since the announcement. And we've talked about Google before in

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Speaker 3: the show, Ryan, So remember back in March and again September,

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Speaker 3: the market was punishing the stock and calling it an

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Speaker 3: a I laggard and legacy search business as you know

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Speaker 3: Open ai and chat GPT. We're getting all that the accolades,

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Speaker 3: and of course that's not true. And when you take

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Speaker 3: a step back and just look at Google narrowly for

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Speaker 3: a sec, Yes, it's got its search business with ninety

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Speaker 3: seven percent market share. It's also got its generalive AI

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Speaker 3: suite of tools like Gemini, it has YouTube, It's got Google,

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Speaker 3: It's Google Cloud business growing rapidly, It's autonomous car business

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Speaker 3: way Moo, and now it's leading the field and quantum computing,

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Speaker 3: so it's not really clear it's a laggart in anything,

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Speaker 3: but more broadly for investors than to steal a quote

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Speaker 3: from Microsoft, quantum computing looks even more exciting than generative AI,

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Speaker 3: and that's obviously send everyone into a bit of a

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Speaker 3: frenzy in the last two years and it could be

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Speaker 3: a multi trillion dollar business. But before we get too excited,

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Speaker 3: it is very early days. Most don't think we'll see

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Speaker 3: commercial applications until into the twenty thirties.

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Speaker 1: But definitely want to keep an iron right.

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Speaker 2: And I guess the thing is weird as it all

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Speaker 2: stop right once you make will Once the AI plus

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Speaker 2: humans make Willow, what does Willow make? You know? You

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Speaker 2: almost you would struggle to think of problems that we

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Speaker 2: have for them to solve.

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Speaker 3: But at some stage, yeah, it's a long way from that,

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Speaker 3: but yeah, I do think that's the Terminator franchise.

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Speaker 1: And no, I'm just joking.

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Speaker 2: Sam, Thank you very much for joining us tonight. Fascinating

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Speaker 2: stuff from Google, that is Sam Dicky from Fisher Funds.

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