A highly sensitive all-optical atomic magnetometer based on the magnetooptical effect which uses the advanced technique of single laser beam detection is reported and demonstrated experimentally. A sensitivity of 0.5 pT/Hz1/2 is obtained by analyzing the magnetic noise spectrum, which exceeds that of most traditional magnetometers. This kind of atomic magnetometer is very compact, has a low power consumption, and has a high theoretical sensitivity limit, which make it suitable for many applications.
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