{ "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": 12, "pageCount": 183, "prevPage": 11, "nextPage": 13, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 4, "notes": "Uses a historical quote from MIT Technology Review to frame the current industry as being in a state of delusion.", "elementsJson": [ "paragraph", "screenshot", "callout_box", "footnote" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/12", "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-12", "components": [ { "bbox": { "h": 0.2, "w": 0.25, "x": 0.65, "y": 0.55 }, "kind": "callout", "text": "“...announced a seven-qubit NMR computer...”\n\n“...will soon be demonstrating molecules with as many as 10 qubits...”", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6f168344-a4f3-4c18-a495-8a15683028e0", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "Twenty-two years later, IonQ has barely added any more qubits.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d2-7501-bd78-c66f754bc4a9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.85, "x": 0.08, "y": 0.08 }, "kind": "paragraph", "text": "Quantum computers are measured by two key metrics: the number of qubits, and the quality or error rates (“fidelity”) of these qubits. IonQ has a legacy 11-qubit computer that researchers can tinker with via Amazon Web Services, Microsoft Azure, and Google Cloud. It also claims to have “deployed” its mysterious 32-qubit system in 2020. Leading quantum experts indicate that a minimum of 1,000 to 100,000 qubits are needed for a useful machine. To date, all quantum computers ever made - whether by IonQ, Google, IBM, Honeywell, or countless competitors – barely have any qubits and remain similar to vacuum tube devices circa 1940. Illustrating the delusion of a useful quantum device, Los Alamos Lab claimed to have a 7-qubit system in 2000 with 10 qubits around the corner. Twenty-two years later, IonQ has barely added any more qubits.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6201ade8-6bc9-4bc0-99ec-0736845e08a3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.55, "x": 0.08, "y": 0.5 }, "kind": "paragraph", "text": "In the meantime, however, Chuang and his fellow experimenters are far less concerned with their machines’ physical size than with their qubit count. “The first year we had lots of wonderful one-qubit machines popping up all over the place,” he says. “Now at IBM we have a three-qubit computer, and we’re planning even larger computers.” In March, Los Alamos National Laboratory announced a seven-qubit NMR computer, and Chuang is confident that one lab or another will soon be demonstrating molecules with as many as 10 qubits. He concedes that this Yet a truly useful quantum computer will need hundreds or even thousands of qubits. Presumably, says Chuang, that means some kind of", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dda5049d-075d-4c91-aed6-819c2c9d09a1", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“The first year we had lots of wonderful one-qubit machines popping up all over the place,” he says. “Now at IBM we have a three-qubit computer, and we’re planning even larger computers.” — Chuang (MIT Technology Review)", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d2-7501-bd78-cae265cd58d4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.4, "x": 0.08, "y": 0.95 }, "kind": "source-note", "text": "Source: https://www.technologyreview.com/2000/05/01/236302/quantum-computing/", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "50e89952-36ea-4f4d-8545-214fc1417ef7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.85, "x": 0.08, "y": 0.45 }, "kind": "title", "text": "Article in the year 2000 in MIT Technology Review indicates a 7-qubit quantum computer", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "35fb4a8f-a144-4de4-9bea-c922c2cedf8f", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "765102f6-ee47-499a-a74b-9897cb990e3f", "evidence": "Contrasts historical claims with current performance to allege stagnation/delusion.", "confidence": 0.9 } ], "arcBeats": [ { "to": 20, "from": 11, "beatId": "9387f8be-f19a-4f6a-b549-3a235273968a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Problem with IonQ's Technology", "beatSlug": null, "evidence": "The deck introduces the problem with IonQ's technology, including its error rates and lack of commercial viability.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }