{
  "docId": "019dd923-622c-750b-8b98-38d705def13a",
  "docSlug": "f848e5b949be",
  "documentTitle": "D-Wave Quantum Inc (QBTS)",
  "authorId": "53_Kerrisdale_Capital",
  "authorName": "Kerrisdale Capital",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-04-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 2,
  "pageCount": 19,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "table_of_contents",
  "function": "front_matter",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "data_table"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-38d705def13a/2",
  "deckHref": "/decks/019dd923-622c-750b-8b98-38d705def13a",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-38d705def13a.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-38d705def13a#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.4,
        "w": 0.7,
        "x": 0.15,
        "y": 0.15
      },
      "kind": "list",
      "text": "EXECUTIVE SUMMARY...3\nCOMPANY OVERVIEW...4\nHybrid Solutions...5\n(No) Advantage Systems...5\nLack of Gate-Model Progress...6\nFinancial Profile...6\nQUANTUM ANNEALING: FUNDAMENTAL LIMITATIONS...9\nLost in Translation: Mapping the Real World to QUBO...9\nPhysical Limitations and Sparse Connectivity...10\nNo Proven Scaling Advantage...11\nQuantum Price Tag for Classical Solution...11\nQUANTUM SHELL GAME...12\nREAL-WORLD CUSTOMER PERSPECTIVES...13\nQUANTUM SUPREMACY SPIN...15\nCONCLUSION...16\nAPPENDIX I...17\nFULL LEGAL DISCLAIMER...18",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99e536ed-7694-4df3-a7c8-5a3f9a5de41a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.15,
        "y": 0.1
      },
      "kind": "title",
      "text": "Table of Contents",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "faa4dd78-fcf9-402c-9668-a0e14c721b49",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}