Usually, a magnetic field is created by a coil carrying a current. But in this experiment, a magnet appeared in a superconductor when microwaves were directed at it. Light with a rotating electric field made the electrons move in circles, and since there is no resistance in a superconductor, this motion does not decay. The result is a permanent magnetic field.
The practical benefit is that such contactless magnets could replace wires in quantum computers. Wires heat up and disturb qubits, whereas light controls the magnetic field without losses.
The effective optomagnetic conversion of 1.75 T/(W/cm²) means that microwave radiation with a power of just 1 W per square centimeter creates a magnetic field of nearly two tesla. For comparison, a typical neodymium magnet provides about 1.2 T at its surface.