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The dynamics of quantum systems unfolds within a subspace of the state space or operator space, known as the Krylov space. This review presents the use of Krylov subspace methods to provide an efficient description of quantum evolution and quantum chaos, with emphasis on nonequilibrium phenomena of many-body systems with a large Hilbert space. It provides a comprehensive update of recent developments, focused on the quantum evolution of operators in the Heisenberg picture as well as pure and mixed states. It further explores the notion of Krylov complexity and associated metrics as tools for quantifying operator growth, their bounds by generalized quantum speed limits, the universal operator growth hypothesis, and its relation to quantum chaos, scrambling, and generalized coherent states. A comparison of several generalizations of the Krylov construction for open quantum systems is presented. A closing discussion addresses the application of Krylov subspace methods in quantum field theory, holog- raphy, integrability, quantum control, and quantum computing, as well as current open problems. 

In this work, the term “quantum chaos” refers to spectral correlations similar to those found in the random matrix theory. Quantum chaos can be diagnosed through the analysis of level statistics using, e.g., the spectral form factor, which detects both short- and long-range level correlations. The spectral form factor corresponds to the Fourier transform of the two-point spectral correlation function and exhibits a typical slope-dip-ramp-plateau structure (aka correlation hole) when the system is chaotic. We discuss how this structure could be detected through the quench dynamics of two physical quantities accessible to experimental many-body quantum systems: the survival probability and the spin autocorrelation function. The survival probability is equivalent to the spectral form factor with an additional filter. When the system is small, the dip of the correlation hole reaches sufficiently large values at times which are short enough to be detected with current experimental platforms. As the system is pushed away from chaos, the correlation hole disappears, signaling integrability or localization. We also provide a relatively shallow circuit with which the correlation hole could be detected with commercially available quantum computers.