He also notes:

While this attack is better than brute force — and some cryptographers will describe the algorithm as “broken” because of it — it is still far, far beyond our capabilities of computation. The attack is, and probably forever will be, theoretical. But remember: attacks always get better, they never get worse. Others will continue to improve on these numbers. While there’s no reason to panic, no reason to stop using AES, no reason to insist that NIST choose another encryption standard, this will certainly be a problem for some of the AES-based SHA-3 candidate hash functions.

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