No, quantum entanglement does not allow for the direct exchange of information. Quantum entanglement is a phenomenon in quantum mechanics where two or more particles become correlated in such a way that the state of one particle cannot be described independently of the state of the other(s). When two particles are entangled, measuring the state of one particle instantaneously affects the state of the other, regardless of the distance between them. This correlation holds true even if the particles are separated by vast distances.
While the instantaneous correlation of entangled particles may seem like a form of communication, it cannot be used to transmit information faster than the speed of light. This is due to a property of entanglement known as "quantum non-locality." The outcomes of measurements on entangled particles appear random and are subject to probabilistic interpretations.
Attempts to use entanglement for communication, known as "quantum entanglement communication" or "quantum teleportation," rely on the transmission of classical information to establish correlations between the entangled particles. This classical information transmission is bound by the speed of light and cannot exceed it.
Quantum entanglement is a fascinating and still not fully understood aspect of quantum mechanics. While it has implications for the behavior and correlations between particles, it does not provide a means for faster-than-light communication or direct information exchange.