Is it akin to the revolutionary code-breaking system from Digital Fortress called TRANSLTR?

I hope it won’t.

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From the article:

A paper from researchers at Google published online claims that the company’s latest technology is “beyond the capabilities of existing classical supercomputers”.

Where is the paper? That link points to another news from The Telegraph about oil prices… WTF?

Based on just the 70 qubits mentioned in the article, and that running Shor’s algorithm on RSA 2048 would require north of 4096 “perfect qubits”, or about a couple dozen million “physical qubits”… it doesn’t sound like they’ve done much.

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