{ "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": 41, "pageCount": 183, "prevPage": 40, "nextPage": 42, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 0, "notes": "The slide uses highlighted text to emphasize specific claims about the 32-qubit system.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/41", "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-41", "components": [ { "bbox": null, "kind": "callout", "text": "Of particular note and importance, IonQ’s CEO stated that they already “put our first customers onto the 32 in June…”", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d2-7501-bd7c-a9347ac59c95", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "paragraph", "text": "During another SPAC promotion event in July 2021, both the IonQ CEO and the CEO of dMY Technology – the acquisition vehicle – made numerous comments doubling down on the existence of the 32-qubit device. Of particular note and importance, IonQ’s CEO stated that they already “put our first customers onto the 32 in June…”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2083b004-e252-45aa-af92-1fc59533bfbc", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.57 }, "kind": "quote", "text": "“And so, you could kind of think of it as the Honeywell system is… Maybe a good analogy would be they have a two qubit bus and we have a 32 qubit bus. And maybe trying to take a bit of a classical analogy, as well.” – IonQ CEO Chapman", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "13989fe3-f69e-4b42-867f-5554301a943d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.9, "x": 0.05, "y": 0.74 }, "kind": "quote", "text": "“I mean, it’s that stark when you go from 32 to 64 qubits and you have two to the power of 32 more power in a year. I mean, imagine the pricing power that IonQ is going to have, right? These are the things that really get investors out of bed, get customers out of bed and, of course, are why we’re so excited about the space.” – dMY CEO De Masi", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "22fb0704-8a18-44e6-bd11-8c61572367d3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.31 }, "kind": "quote", "text": "“So if you look at, for instance, our new 32 qubit system…” – IonQ CEO Chapman", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "78a2131d-6d20-4314-a863-ea50ec7e331b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.9, "x": 0.05, "y": 0.37 }, "kind": "quote", "text": "“In our system, what we’re doing is we’re addressing the qubits directly. So, we’re not moving the qubits during computation. What there is, is there’s 32 laser beams, which come down and address each one of the qubits. And you can do that without actually moving the qubits themselves. In our next generation system,..What you’ll see is more qubits. And then there will be a qubit address selector technology that allows you to take the 32 qubits and address any one of the qubits that are sitting in the ion trap chip. Again, not moving them.” – IonQ CEO Chapman", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "81212566-ea6b-4473-882e-b85cdf3f2525", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.67 }, "kind": "quote", "text": "“We put our first customers onto the 32 in June, which was on private. So, we’ll continue to do that with private customers through the beta period.” – IonQ CEO Chapman", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f27025dd-94e9-4c4d-b5cb-cd45f6453cd7", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "\"So if you look at, for instance, our new 32 qubit system...\" — IonQ CEO Chapman; \"In our system, what we’re doing is we’re addressing the qubits directly. So, we’re not moving the qubits during computation. What there is, is there’s 32 laser beams, which come down and address each one of the qubits. And you can do that without actually moving the qubits themselves. In our next generation system,..What you’ll see is more qubits. And then there will be a qubit address selector technology that allows you to take the 32 qubits and address any one of the qubits that are sitting in the ion trap chip. Again, not moving them.\" — IonQ CEO Chapman; \"And so, you could kind of think of it as the Honeywell system is... Maybe a good analogy would be they have a two qubit bus and we have a 32 qubit bus. And maybe trying to take a bit of a classical analogy, as well.\" — IonQ CEO Chapman; \"We put our first customers onto the 32 in June, which was on private. So, we’ll continue to do that with private customers through the beta period.\" — IonQ CEO Chapman; \"I mean, it’s that stark when you go from 32 to 64 qubits and you have two to the power of 32 more power in a year. I mean, imagine the pricing power that IonQ is going to have, right? These are the things that really get investors out of bed, get customers out of bed and, of course, are why we’re so excited about the space.\" — dMY CEO De Masi", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d2-7501-bd7c-adbacb306276", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.5, "x": 0.05, "y": 0.95 }, "kind": "source-note", "text": "Source: https://www.sec.gov/Archives/edgar/data/1824920/000119312521217476/d196587d425.htm", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fe3fb0d2-8cf1-49d2-af3a-b81fcc9e121b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.5, "x": 0.05, "y": 0.26 }, "kind": "title", "text": "Comments by IonQ CEO Chapman and dMY CEO De Masi, July 2021", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a8241bed-db3e-46cc-ac95-b5a0623f6681", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "99ffa04c-13d3-469b-b017-14f4c290c4ed", "evidence": "The slide presents quotes from executives to expose potential contradictions or misleading claims.", "confidence": 0.9 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }