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Writer's picturemansour ansari

IonQ responds to Scorpion Capital


IonQ computer concept: Credit: IonQ website

 

Last week this group (Scorpion Capital) attacked IonQ executing a short-selling strategy. I was beyond amused then angered at the extreme level of incomprehension, lack of knowledge, and ignorance behind this attack and the published PDF document. However, soon, I figured the attack was designed as a dirty short-selling strategy confessed by the self-proclaimed dirty-trickster.


Over the last 2 years, of all Quantum computing companies, I had researched two of them more than the rest of the 40 quantum computing systems. When I began my research, the number was 18; The D-Wave and IonQ.


Earlier, the D-Wave system was my first research target; simply because I am intrigued by the power of the annealing concept. My next project was to learn everything publicly available to learn about ion trapping systems.

Last year and this year, I looked at results of many typical circuits running on different platforms; IBM, Google, and IonQ quantum computers, compared and studied a few hundred public and online documents going back to Atomic Clock production when Monore, IonQ's Chief Scientist, was a working team member. The same goes for Kim, their CTO.

I have watched almost all their YouTube videos contents, presentations published since 2018. I have also looked into Honeywell Ion Trapping system; some similarities there.


Also, there is a ton of public open-source code to try on IonQ system, and many more new algorithms are emerging; the community is thriving, it is very hard to BS and get away with it.


In my case, as a blogger, a quantum computing enthusiast, I admit that I am already emotionally connected to those ions trapped inside IonQ' latest ion trap system. In fact, I am more impressed with ion trapping system than any of the usual quantum calculation architectures.


Based on my limited knowledge, the Trapped ions are perfect for error-free computation, all the errors currently introduced by outside control factors, the lasers and other known and unknown causes. Fortunately, the new generation of lasers designed for error-free quantum computation is improving rapidly. I have covered many pots of Lasers.


Here is the response from IonQ founders to the group Scorpion Capital:



"Last week, the group Scorpion Capital published a poorly researched 183-page deck intended to manipulate the stock price of IonQ, a quantum computing company we co-founded and where we serve as Chief Scientist and Chief Technology Officer. We are referenced over 150 times in the report, mostly with breathless accusations of fraud and malfeasance. Along with most who know us, we are amused at the extreme level of ignorance behind this attack. But for those who do not know us or IonQ, we feel the need to comment clearly and forcefully.

The report is riddled with disinformation, demonstrating a breathtaking ignorance of the quantum computing industry in general and IonQ technology in particular. However, the disclosure page is clear – it admits that Scorpion has a financial incentive for devaluing IonQ, it does not vouch for the accuracy of any of the report contents, and it acknowledges editing interviews with paid experts and former employees while suppressing positive opinions on IonQ.

Quantum computing is likely the only known path to tackle some problems that are intractable using conventional computers. Governments across the world are racing to capture this technology, for ultimate use cases impacting data security and touching nearly all sectors of the economy. Businesses large and small are entering the fold, as quantum technology leaves the research laboratory and is now rapidly developing in industry. As the first public “pure-play” quantum company, IonQ is an easy target for questionable stock manipulation tactics such as publishing misinformation and betting against the company through a short-selling strategy.

IonQ is a leading quantum computing company, competing with the world’s largest tech companies in the quest to scale this vital technology. IonQ has been building quantum computers based on research we have pioneered for almost three decades, including the first ever demonstration of a quantum gate. We have built several generations of quantum computers with increasing levels of performance, and some of our early systems can be accessed via commercial cloud servers, where enormous numbers of quantum circuits have been run over the last few years. We believe IonQ has a well-defined path to scale its hardware and tackle problems of commercial value, which it expects will happen in a few years, not in a decade or two. IonQ is a fast-growing company with over 130 incredible people who are here for one reason: to build amazing computing machines designed to solve problems the world previously thought to be impossible.

It is hard to overestimate the potential of quantum computers to society. The largest and most successful technology companies agree, along with governments across the United States, China, Europe, and elsewhere. IonQ is recognized as a leading player in this crucial technology space, and we are confident in and excited about the value we can create for society, our customers and our stockholders.

We will continue to share our technical and business progress in coming days and weeks, including on our Q1 2022 earnings call on Monday, May 16th after markets close in the United States.

Jungsang Kim Chief Technology Officer

Christopher Monroe Chief Scientist"

Picture: Jungsang Kim, Christopher Monroe, IonQ founders.


Read the original version here:



Here is some of the YouTube Presentations:



 

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