NASA, Google reveal quantum computing leap

Quantum computers rely on fundamentally different principles to today’s computers, in which each bit represents either a zero or a one. In quantum computing, each bit can be both a zero and a one simultaneously. So while three conventional bits can represent any of eight values (2^3), three qubits, as they’re called, can represent all eight values at once. That means calculations can theoretically be performed at much higher speeds.

Source: NASA, Google reveal quantum computing leap | CIO