Google's recent unveiling of its quantum processor, Willow, is not just a technological breakthrough but appears to be a big moonshot jump into the future of computing. This achievement has got the attention of the emerging technology industry, with experts speculating about the implications for everything from drug discovery to space exploration and the multiverse.

The Willow team claim that it can perform a complex calculation in just five minutes that would take a supercomputer 10 septillion years is mind-boggling. To put this into perspective, 10 septillion years is roughly 700 billion times the current estimated age of the universe of about 13.8 billion years. This feat has led experts in this space to wonder out loud if quantum computers are tapping into the power of parallel universes to accelerate calculations.

This isn't mere speculation; according to these researchers it's rooted in the fundamental principles of quantum mechanics. The researchers claim that quantum computers can exist in multiple states simultaneously, allowing them to explore vast computational landscapes. This ability to explore multiple possibilities at once, reminiscent of the concept of parallel universes, has led some to speculate that quantum computers could provide insights into the nature of reality itself. Wow!

So unlike classical computers, which rely on bits to represent information as 0s and 1s, quantum computers harness the power of quantum mechanics to utilize quantum bits or "qubits". Qubits can exist in multiple states simultaneously, a phenomenon known as superposition. This enables quantum computers to perform complex calculations exponentially faster than classical computers.

One of the major hurdles in quantum computing is quantum "decoherence", where qubits lose their quantum state due to environmental interference. Google's Willow chip addresses this challenge through advanced error correction techniques. By mitigating decoherence, Willow enables more stable and reliable quantum computations for longer periods hence this big deal breakthrough.

While the idea of redefining reality and exploring parallel universes sounds mind boggling and frankly a little sci-fi, the real-world future of living applications of quantum computing are vast and far-reaching. Here are some key areas where quantum computing could help transform industries and society at large:

The economic and geopolitical implications of quantum computing are far-reaching. Nations leading in quantum technology will gain a significant advantage, particularly in critical sectors like military and intelligence. Advanced weapons systems and intelligence gathering capabilities can be significantly enhanced through quantum computing. The US government's substantial investments in quantum computing research and development underscore its strategic importance. Google's Willow processor, a testament to American technological know how, could solidify the US's position as the global leader in this field. However, other nations, such as China, are also making significant strides, intensifying the global quantum race.

As quantum computing continues to evolve alongside AI, robotics and new energy, I believe it will reshape the world as we know it. While this breakthrough is a bif deal, there is much more work to do. As someone working in the emerging technology space in moonshots, there is a lot of promise and a lot of risk ahead. Innovation requires we take risks to see the rewards and these could be huge. Governments need to ensure that these new technologies serve our society at large. I believe that when government and business embrace this transformative technology, we can unlock new possibilities, break the current deadlock on systemic change we so desperately need and create a better future for generations to come.

The quantum age is dawning upon us, and the potential for innovation and positive impact is limitless but it is not without risks. By staying informed, learning what you can and embracing this transformative technology, we can shape a future for our businesses where the limits of human potential are lifted to new heights.