I am guessing the poster is referring to quantum computers, which are not yet even close to breaking cryptographic hashing algorithms as far as I understand.

I think this is a roundabout way of saying Google has a quantum computer.

Bitcoin does not involve encryption, and it's a common mistake by journalists to toss that buzzword in there.

All addresses are derived from public/private keypairs

I believe that they are referring to quantum computing

Vaporware still, at least for practical applications.