{
  "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": 90,
  "pageCount": 183,
  "prevPage": 89,
  "nextPage": 91,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "overcrowded",
  "nDataPoints": 2,
  "notes": "Uses Q&A format to frame the critique as an expert interview.",
  "elementsJson": [
    "paragraph",
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/90",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-90",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "It’s practically relevant in the same sense like demonstrating an 11-bit vacuum tube computer in 1920 might have been relevant...I would not say it’s relevant in terms of solving real problems now or solving real problems next year or probably in five years or probably in 10 years.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d2-7501-bd80-0e8ab6b351c1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.61
      },
      "kind": "list",
      "text": "Q&A transcript detailing the lack of utility in 79 single-qubit gates.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f64a4bf8-8ec1-4dc7-9508-058633e626cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.05,
        "y": 0.58
      },
      "kind": "paragraph",
      "text": "Similar to a vacuum tube computer from 1950; can’t do “nothing” with a 79-qubit computer",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1a5c78f0-edb8-4edb-a642-282e0795856b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.35
      },
      "kind": "paragraph",
      "text": "IonQ’s technical achievements are just “funny” – as relevant as an 11-bit vacuum tube computer from 1920; no relevance for “solving real problems” or perhaps even in 10 years.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "704c56b1-843c-4773-bf64-039b0be7df86",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.4
      },
      "kind": "quote",
      "text": "“It’s just—it’s funny, for the quantum information community, having an 11-qubit quantum computer... It’s practically relevant in the same sense like demonstrating an 11-bit vacuum tube computer in 1920 might have been relevant...\"",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ff420bd1-2332-4377-92db-b00c8ece5fa8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“It’s practically relevant in the same sense like demonstrating an 11-bit vacuum tube computer in 1920 might have been relevant...I would not say it’s relevant in terms of solving real problems now or solving real problems next year or probably in five years or probably in 10 years.” — Former IonQ employee, physicist; “No [chuckles], nothing. I mean, you can demonstrate in principle that you technically have a quantum computer, which is to say you have a system where you can provide inputs and get an output, but you can’t do anything useful with it.” — Ex-IonQ employee",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d2-7501-bd80-129feb54a98e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "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": "5c94c056-15f2-493b-93f3-39c43ed8b009",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "A former employee compared IonQ’s machine to a primitive vacuum tube computer.",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "85dba161-9bc0-419a-9ed5-4731c5203748",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "argument-from-analogy",
      "slug": null,
      "matchId": "182fc00c-d992-4434-8a0d-18b11bed31f3",
      "evidence": "Uses vacuum tube computer analogy to dismiss IonQ's technical relevance.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}