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I don’t know anything about quantum computing, but recently I heard a long talk by a quantum-computing expert who were trying to convince us to work on quantum error correction. His (probably optimistic) estimate is that: with a good amount of help on error correction, we might achieve 100 logical qbit in 5 to 10 years.
Completely unpredicted breakthrough is rare in computer science; if Microsoft’s tech can actually solve quantum computing (as you discribed), it would have made much much bigger wave than this.
They also need to put a little yellow star on all their clothing.