{ "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": 109, "pageCount": 183, "prevPage": 108, "nextPage": 110, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a 'villain critique' approach by contrasting company marketing with internal expert skepticism.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/109", "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-109", "components": [ { "bbox": null, "kind": "callout", "text": "The number of physical qubits needed for logical qubits is so vast that it’s an unsolved problem – “very hard and will likely take a long time.”", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d2-7501-bd81-151c5bcedb3a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.23 }, "kind": "paragraph", "text": "The concept is to dedicate vast numbers of physical qubits for error correction to create “error-corrected qubits” called “logical qubits.” A former employee explained that the number of physical qubits needed for logical qubits is so vast that it’s an unsolved problem – “very hard and will likely take a long time.”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7d7d9d18-494a-4493-b1a5-d05e1132277d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.9, "x": 0.05, "y": 0.43 }, "kind": "quote", "text": "IonQ talks up number of qubits, but good qubits – logical, error-corrected qubits – is what matters and is a major unsolved problem. You can’t run large and complicated algorithms without a lot of qubits but having a lot of qubits isn’t useful if you don’t have really good gate fidelity... getting better qubits not just more qubits is really one of the outstanding challenges that’s going on right now.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5b4646cc-4144-4927-b80e-51819c5d2a6f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.22, "w": 0.9, "x": 0.05, "y": 0.65 }, "kind": "quote", "text": "Only theoretical way around errors is to build error-corrected qubits called “logical qubits, which requires vast numbers of qubits dedicated to error correction; daunting and unsolved problem. I can tell you the general consensus is that to start building these devices in a manner that’s useful, you have to have a total logical qubit rather than just a physical qubit... Even if you have those logical qubits, now you still have to build a lot of them and connect a lot of time. So, I don’t necessarily think it’s something that is technically unfeasible ever; it’s just very hard and will likely take a long time.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6fd3ba8e-eabb-452d-83fa-e9f3f8b54165", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“You can’t run large and complicated algorithms without a lot of qubits but having a lot of qubits isn’t useful if you don’t have really good gate fidelity... I think getting better qubits not just more qubits is really one of the outstanding challenges that’s going on right now.” — Former IonQ employee, physicist; “I can tell you the general consensus is that to start building these devices in a manner that’s useful, you have to have a total logical qubit rather than just a physical qubit... Even if you have those logical qubits, now you still have to build a lot of them and connect a lot of time. So, I don’t necessarily think it’s something that is technically unfeasible ever; it’s just very hard and will likely take a long time.” — Former IonQ employee, physicist", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d2-7501-bd81-1ba5dd5b0572", "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": "c328ec65-364d-4fae-978d-358386b6e554", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "Aside from the practical impossibility of adding qubits without errors spinning out of control, ex-employees threw cold water on the only theoretical solution as well, which IonQ has spun as a way out of its technical quandary.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "977d1410-5128-49b1-83ba-59b848c3bd0a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "50418257-9354-4303-909f-afc7cbe87b1c", "evidence": "Uses expert testimony to contradict company technical claims.", "confidence": 0.8 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }