{ "docId": "019dd923-622c-750b-8b9a-1cc056790523", "docSlug": "340e94a59fc0", "documentTitle": "IonQ Inc. (IONQ)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2022-05-03 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 105, "pageCount": 183, "prevPage": 104, "nextPage": 106, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 6, "notes": "The slide uses expert quotes to contrast IonQ's current performance (11 qubits, 2.5% error) against the requirements for practical utility.", "elementsJson": [ "paragraph", "quote_block" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/105", "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-105", "components": [ { "bbox": null, "kind": "callout", "text": "Error rates are so high that computations break down completely after about 40 gates, rendering the computer useless; regular computers have millions of gates", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d2-7501-bd82-9217beec0e09", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.35 }, "kind": "paragraph", "text": "Error rates creating daunting difficulties starting at about 20 qubits; unlikely IonQ can get to many beyond 10", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c7a1082b-719f-4cd0-8283-e9c15a9a60b8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.6 }, "kind": "paragraph", "text": "Error rates are so high that computations break down completely after about 40 gates, rendering the computer useless; regular computers have millions of gates", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "efb531e1-eba8-41eb-8944-d41bca12ef36", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.9, "x": 0.05, "y": 0.65 }, "kind": "quote", "text": "“In the latest results, I think it's 2.5% average error on the two-qubit gates... with 2.5% error per gate means you can do about 40 gates before you start losing coherence... You can't do an algorithm. So, even if they had 32 qubits at 2%, that's not good enough.”", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "026c98d5-9d05-48ff-8b0a-4b0720c3a2bc", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.4 }, "kind": "quote", "text": "“But 11 qubits, you can run that on your laptop easily. It's nice that they got it to work, and it's a good milestone, but come on, this is not that hard... 2% error means it's really hard to go beyond ten. Twenty will be hard.”", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e05c26d5-5de5-49f9-af80-0bcb6f9656de", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "But 11 qubits, you can run that on your laptop easily. It's nice that they got it to work, and it's a good milestone, but come on, this is not that hard. ... And people generally think around 20 qubits is where these frequencies are getting so close that it's going to be hard to make good gates out of it. ... Twenty will be hard. — Leading expert in quantum computing; In the latest results, I think it's 2.5% average error on the two-qubit gates, which are the hard gates. And so, with 2.5% error per gate means you can do about 40 gates before you start losing coherence and the quantum computer stops working right. ... That's nothing. You can't do an algorithm. So, even if they had 32 qubits at 2%, that's not good enough. — Leading expert in quantum computing", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d2-7501-bd82-94a516a8fd7f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.3, "x": 0.05, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fd187f3b-5b72-4687-b61a-73952253a2e9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.9, "x": 0.05, "y": 0.05 }, "kind": "title", "text": "He echoed the color from IonQ ex-employees that error rates become an essentially insurmountable problem after about 10 qubits, causing computations to break down quickly and “start losing coherence.” He hypothesized a maximum gate limit of 40-50 gates for IonQ – well below the thousands or millions of gates needed for real-world use – and noted that a regular computer “might have a million gates or more.” The Wikipedia entry for “Logic Gate” states that a modern CPU may actually have over 100 million gates.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aa6f62d3-864c-446c-b25e-7774f35a63c3", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "2ce85d77-5d13-4a90-b460-5b3aa8eed628", "evidence": "Uses expert testimony to highlight technical gaps and limitations in IonQ's claims.", "confidence": 0.85 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }