{ "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": 60, "pageCount": 183, "prevPage": 59, "nextPage": 61, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a Q&A format to highlight internal dissent and alleged dishonesty regarding technical milestones.", "elementsJson": [ "paragraph", "quote_block" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/60", "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-60", "components": [ { "bbox": null, "kind": "callout", "text": "I think people were upset even before that because people knew that that’s the kind of statement that leadership wanted to make.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d2-7501-bd7d-7b9e465d1af8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.6, "w": 0.9, "x": 0.05, "y": 0.3 }, "kind": "paragraph", "text": "Q: “So, that 32-qubits machine that they announced with 4 million quantum volume, was that essentially a false statement for all practical purposes?”\nA: “I don’t know what counts as false.”\nQ: “Okay, did they have 4 million quantum volume?”\nA: “To the best of my knowledge, no.”\nQ: “And did they know that they didn’t have 4 million quantum volume when they made the statement?”\nA: “When they made the statement, 4 million quantum volume was not there. I think that was pretty clear from the statement in the sense that they said that they’re not going to deliver by a certain date in the first place.”\nQ: “I’m going to read you the first sentence of that press release of October 2020. IonQ unveils the world’s most powerful computer. IonQ, the leader in quantum computing today, unveiled its next-generation quantum computer system. The new hardware system features 32 perfect qubits with low gate errors, giving it an expected quantum volume greater than 4 million.”\nA: “...I would say that is false. Again, I’m not a lawyer, but if somebody gave me that statement and you tell me it either has to be true or false, then I’ll say that’s really false...to me, when you say unveil something, it implies you have it, but by the time the PR released, I do not believe we had it.”\nQ: “Were people upset when the release was made? What was their reaction?”\nA: “I think people were upset even before that because people knew that that’s the kind of statement that leadership wanted to make. I mean, I can actually tell you where the 4 million quantum volume comes from [...] So, that’s where the number comes from, and the leadership took that as, okay; well, that must be achievable, which, in my opinion, scientifically speaking, falls down in two aspects...If you ask me is 4 million ever achievable, the honest answer is I don’t know...Yeah, you can imagine a lot of scientists would actually kind of flip out.” –Former senior scientific employee of IonQ", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d573c612-69b1-4c82-887a-c3e6b11721ea", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.25 }, "kind": "paragraph", "text": "Ex-employee elaborated on why the 32-qubit announcement was untrue and indicated that staff were upset", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d59a2794-7ba0-4906-8577-81e300c1512c", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“I would say that is false. Again, I’m not a lawyer, but if somebody gave me that statement and you tell me it either has to be true or false, then I’ll say that’s really false...to me, when you say you unveil something, it implies you have it, but by the time the PR released, I do not believe we had it.” — Former senior scientific employee of IonQ", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d2-7501-bd7d-7eb751aad6b6", "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": "8e7a02c4-8a60-46bd-8dde-719aa2d844d9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "The ex-senior technical employee strongly suggested the 32-qubit announcement was untrue, and implied that technical staff were already upset prior to the announcement because they “knew that that’s the kind of statement that leadership wanted to make.”", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fc8152af-6620-4bde-8ce1-141f9f45e525", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "7c7a50f0-bfd4-480e-8c59-bfdfa3867c7f", "evidence": "Uses expert testimony to contradict public company claims.", "confidence": 0.9 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }