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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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  "notes": "This is a classic 'short report' style slide designed to undermine management credibility by contrasting past promises with current reality.",
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      "kind": "callout",
      "text": "Follow-up Techcrunch article, Dec 2020\nIonQ plans to launch a rack-mounted quantum computer for data centers in 2023",
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      "text": "Techcrunch article, Sep 2020\nQuantum startup CEO suggests we are only five years away from a quantum desktop computer",
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      "text": "We believe that IonQ has therefore engaged in a campaign to dupe investors into thinking the device's size will soon make it practical.",
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      "text": "Given the absurdly large size of its system, IonQ has promoted a story around rapid miniaturization. Its computers today are larger than some cars, which makes their commercial relevance a fantasy. We believe that IonQ has therefore engaged in a campaign to dupe investors into thinking the device’s size will soon make it practical. The CEO has indicated they’ll be the size of a desktop computer by 2025 – 3 years from now. He further indicated that IonQ would launch a rack-mounted version in 2023 – next year. We note that typical server racks are 19 inches wide.",
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      "text": "Quantum startup CEO suggests we are only five years away from a quantum desktop computer — TechCrunch article, Sep 2020",
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      "text": "Source: https://techcrunch.com/2020/09/14/quantum-startup-ceo-suggests-we-are-only-five-years-away-from-a-quantum-desktop-computer/; https://techcrunch.com/2020/12/09/ionq-plans-to-launch-a-rack-mounted-quantum-computer-for-data-centers-in-2023/?guccounter=1",
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