Using WolframAlpha, in matrix multiplication, why are "squared" and ^2 giving me different results?

Question

"squared" input: {{0,1,0,0},{0.325,0,0.2875,0.3875},{0,1,0,0},{0,1,0,0}} squared

output:

"^2" input: {{0,1,0,0},{0.325,0,0.2875,0.3875},{0,1,0,0},{0,1,0,0}} ^2

output:

Answer 1

The squared operation simply squares all matrix elements.
(cubed works in a similar way)

Example:

The ^2 operation performs a matrix multiplication as expected.