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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": "The slide uses expert testimony to undermine the credibility of the company's CEO and technical roadmap.",
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      "text": "CEO’s statements do “not reflect the scientific, technological reality”",
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      "text": "Error correction is “the elephant in the room” and requires millions of qubits",
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      "text": "Even 30-ish qubit computer is a toy that’s less powerful than a laptop",
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      "text": "He slammed IonQ’s promotion of double-digit qubit systems as “very, very premature in terms of a scalable technology.”",
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      "text": "He continued that comments by IonQ’s CEO do “not reflect the scientific, technological reality” and that even if they had a 30-ish qubit computer compared to the 11-qubit system they make available “in the cloud,” that it would still be a toy: “a laptop is more powerful than a 30-qubit quantum computer.” He explained that he has personally worked on quantum error correction for 20 years, and that it is the “elephant in the room” that necessitates millions of qubits for a computer to be useful. He slammed IonQ’s promotion of double-digit qubit systems as “very, very premature in terms of a scalable technology.”",
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      "text": "That’s where I’m very critical. I think that’s where there’s hype. It does not reflect the scientific, technological reality.",
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      "text": "The elephant in the room is that you need a very large number of physical qubits per error-corrected logical qubit... these current numbers of 30 or 11, hundreds, they’re all very, very premature in terms of a scalable technology.",
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      "text": "What you can calculate currently with a 30-ish qubit device is something that you could easily always calculate on a laptop, no problem. A laptop is more powerful than a 30-qubit quantum computer.",
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      "text": "“A laptop is more powerful than a 30-qubit quantum computer.” — Leading quantum computing scientist; “It does not reflect the scientific, technological reality.” — Leading quantum computing scientist; “The elephant in the room is that you need a very large number of physical qubits per error-corrected logical qubit in order to actually start to reap the benefits of quantum computing.” — Leading quantum computing scientist",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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