Researchers at MIT have discovered a new state of matter with a new kind of magnetism. This new state, called a quantum spin liquid (QSL), could lead to significant advances in data storage. QSLs also exhibit a quantum phenomenon called long-range entanglement, which could lead to new types of communications systems, and more.
Generally, when we talk about magnetism’s role in the realm of technology, there are just two types: Ferromagnetism and antiferromagnetism. Ferromagnetism has been known about for centuries, and is the underlying force behind your compass’s spinning needle or the permanent bar magnets you played with at school. In ferromagnets, the spin (i.e. charge) of every electron is aligned in the same direction, causing two distinct poles. In antiferromagnets, neighboring electrons point in the opposite direction, causing the object to have zero net magnetism (pictured below). In combination with ferromagnets, antiferromagnets are used to create spin valves: the magnetic sensors used in hard drive heads.