Time-dependent exchange creates the time-frustrated state of matter.

Magnetic systems governed by exchange interactions between magnetic moments harbor frustration that leads to ground state degeneracy and results in the new topological state often referred to as a frustrated state of matter (FSM). The frustration in the commonly discussed magnetic systems has a spatial origin. Here we demonstrate that an array of nanomagnets coupled by the real retarded exchange interactions develops a new state of matter, time frustrated matter (TFM). In a spin system with the time-dependent retarded exchange interaction, a single spin-flip influences other spins not instantly but after some delay. This implies that the sign of the exchange interaction changes, leading to either ferro- or antiferromagnetic interaction, depends on time. As a result, the system's temporal evolution is essentially non-Markovian. The emerging competition between different magnetic orders leads to a new kind of time-core frustration. To establish this paradigmatic shift, we focus on the exemplary system, a granular multiferroic, where the exchange transferring medium has a pronounced frequency dispersion and hence develops the TFM.