Alphabet Inc.’s Google ran an algorithm on its “Willow” quantum-computing chip that can be repeated on similar platforms and outperform classical supercomputers, a breakthrough it said clears a path for useful applications of quantum technology within five years.

The breakthrough, confirmed in Nature, pushes quantum computing from theory to real-world validation. Alphabet stock rose 1.8%, adding nearly $35 billion in market value, as investors priced in Google’s evolving quantum edge. Following Google’s latest breakthrough, quantum computing is starting to look a lot more like a business.

Designed to accelerate advances in medicine and other fields, the tech giant’s quantum algorithm runs 13,000 times as fast as software written for a traditional supercomputer.

The Trump administration is in early-stage conversations with quantum computing companies to discuss potential financial support for an industry that’s part of the growing race with China for technology supremacy.

Google has demonstrated a 13,000 times speedup for the Quantum Echoes algorithm using its Willow quantum chip. The feat is repeatable, according to the company, and it paves the way toward real-world applications.

The US is taking equity stakes in quantum-computing firms, signaling a bold new era of state-backed innovation in a trillion-dollar frontier technology.

An exhibit of a quantum computer at O’Hare put on by the University of Chicago and IBM aims to make learning about the technology accessible amid Chicago’s rise as a quantum hub.

This ETF offers diversified access to quantum computing's potential without relying too heavily on speculative start-ups.

The world has been paying close attention to the global contest for supremacy in artificial intelligence. But the separate race for quantum technology could have an even more profound impact on the geopolitical balance of power.