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  "documentTitle": "IonQ Inc. (IONQ)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2022-05-03 00:00:00",
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      "text": "The paper states that experiments were run on \"the newest generation IonQ quantum processing unit (QPU),\" yet the second to last paragraph - buried near the end of a dense 12 page paper - makes an amusing admission: \"Note that we restricted the experiments to four qubits....\"",
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      "text": "Excerpts from the paper showing the title and the admission about four qubits.",
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      "text": "A former employee of IonQ alerted us to a recent paper from Sept 2021, authored by IonQ and its “customer” Goldman Sachs, who the CEO listed as one of the firms already using its 32-qubit computer. IonQ doesn’t list the paper on its publications page and appears to have buried it – because, we believe, it reveals the 32-qubit system as a hoax. The paper states that experiments were run on “the newest generation IonQ quantum processing unit (QPU),” yet the second to last paragraph - buried near the end of a dense 12 page paper - makes an amusing admission: “Note that we restricted the experiments to four qubits....”",
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      "text": "Note that we restricted the experiments to four qubits, because our main goal was to probe the regime where the evaluation oracle is invoked a large number of times in a noisy setting, achieving up to fifteen sequential oracle invocations with still excellent results. A next step would be to establish tradeoffs between circuit depth and number of oracle calls in an experimental setting, as theoretically proved in [9], and this may soon become feasible with further improvements in hardware. — IonQ / Goldman Sachs research paper (Sept 2021)",
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      "text": "Source: https://arxiv.org/pdf/2109.09685.pdf",
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