So well, it depends on your perspective I guess.
It also solves no problem at all. They tried to shoehorn into the paper a "CSRNG" application but it's dubious at best if you have any kind of cost constraint.
I believe there was also a second successful, but somewhat more controversial, experiment by a Chinese team.
That's a debateable claim. IBM's QC team certainly doesn't accept it, and have demonstrated that what Google did could be done by a conventional computer: https://www.ibm.com/blogs/research/2019/10/on-quantum-suprem...
Oh, and you need a lot of storage, just a couple of more qubits and it would not have been able to fit in the 250 PiB on Summit, so the IBM argument would have been void if google had 55 qubits in their work.
There is no I in FAANG.