1. It answers how macroscopic equations of e.g., fluid dynamics are compatible with Newton's law, when they single out an arrow of time while Newton's laws do not.
2. It was solved in the 1800s if you made an unjustified technical assumption called molecular chaos (https://en.wikipedia.org/wiki/Molecular_chaos). This work is about whether you can rigorously prove that molecular chaos actually does happen.
3. There are no applications outside of potentially other pure math research. For a physics/engineering perspective the whole theory was fine by assuming molecular chaos.
I would feel remiss not to say: such statements rarely hold
This team seems a bit like Shelby and Miles trying to build a Ford that would win the 24 hours of LeMans. The race isn’t over, but Ken Miles has beat his own lap record in the same race, twice. Might want to tune in for the rest.
This is not my field, but i also don't think this would help with computational resources needed for high resolution modelling as you are implying. At least not by itself.
Whether or not this is AI, this comment is not true. An axiomatic derivation of a formula doesn’t change how it’s used. We knew the formulas were experimentally correct, it’s just that now mathematicians can rest easy about whether they were theoretically correct. Although it’s interesting, it doesn’t change or create any new applications.