Konaploinks
15 hours ago
44.90 A H. Up .48 1.08% Good job Peter! Keep up the great work!!
Peter is getting a raise to 700 k a yr and a 10,000,000. bonus this year and next as long as he meets certain milestones. I think he most definitely met them this year and I’m sure he’ll meet them next year. Go Peter GO !
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Performance Stock Unit Grant and Cash Bonus
IonQ, Inc.’s (the “Company”) executive compensation philosophy includes the following principles: connecting compensation to technical roadmap progression and financial measures that correlate strongly with total stockholder returns; balancing short-term financial results with long-term strategic objectives; rewarding achievement of challenging corporate objectives and exceeding performance measures, without encouraging inappropriate risk-taking; providing competitive pay packages capable of attracting and retaining top talent, sometimes from larger, well-established technology companies; and rewarding extraordinary results and performance.
On December 16, 2024 (the “Grant Date”), in reliance on the above-mentioned compensation philosophy principles and considering input from its independent advisors, the independent members of the Board of Directors (the “Board”) of the Company granted Peter Chapman, the Company’s President and Chief Executive Officer, an award of performance stock units (the “PSUs”, and the “Chapman PSU Award”) pursuant to the already existing management performance stock unit program. In addition, on December 16, 2024, the Board approved a cash incentive award of $10,000,000 to Mr. Chapman (the “2024 Chapman Bonus”) for 2024, a cash incentive award of $10,000,000 to Mr. Chapman for 2025 (the “2025 Chapman Bonus”) and an annual salary increase from $505,000 to $700,000 for Mr. Chapman.
No additional cash or equity incentives for Mr. Chapman are currently contemplated by the Board prior to 2027.
Terms of the Chapman PSU Award
The Chapman PSU Award provides Mr. Chapman with an opportunity to earn 119,588 shares of Company common stock based on target performance aggregated between the Grant Date and December 31, 2026 (the “Performance Period”) with respect to certain technical and financial goals, each of which represent 50% of the target PSU opportunity, and a stock price hurdle requirement. If the Company’s 60-trading day average closing price per share of common stock does not equal or exceed a pre-defined share price at the end of the Performance Period, the maximum PSU opportunity shall be limited to target (100%) performance. Achievement could range from 0% to 300% (358,764 shares) of the target number of PSUs offered to Mr. Chapman. Each PSU granted represents the right to receive one share of common stock based on target performance, but the ultimate number of shares of common stock earned with respect to Mr. Chapman’s PSU Award will be determined as of the completion of the Performance Period. The Performance Period will end on December 31, 2026, unless the maximum performance goals are achieved before December 31, 2025, which would accelerate the Performance Period end date to December 31, 2025. There will be no other progress performance vesting during the Performance Period.
Pursuant to the terms of the Chapman PSU Award agreement and the Company’s 2021 Equity Incentive Plan (the “2021 Plan”), the PSUs will continue to be outstanding and may vest for so long as Mr. Chapman is in Continuous Service (as defined in the 2021 Plan) as an employee of the Company (and any successor) or an Affiliate (as defined in the 2021 Plan) generally through completion of the Performance Period.
The Board approved the Chapman PSU Award to incentivize achievement of the Company’s long-term growth strategy and drive return to stockholders by (i) aligning Mr. Chapman’s interests with those of the Company’s stockholders such that material elements of Mr. Chapman’s compensation opportunity are performance-based and (ii) providing a significant incentive for Mr. Chapman to continue to lead the Company, while executing critical growth initiatives.
Terms of the 2024 Chapman Bonus and 2025 Chapman Bonus
Subject to Mr. Chapman’s continued employment with the Company through the applicable date, the 2024 Chapman Bonus is to be paid on or before Dec. 31, 2024, and the 2025 Chapman Bonus is to be paid on or before Dec. 31, 2025. The Board approved the 2024 Chapman Bonus to recognize outstanding leadership and Company performance in 2024 and in light of Mr. Chapman declining long-term equity incentive compensation in 2023 and 2024 prior to the Chapman PSU Award. The Board approved the 2025 Chapman Bonus to incentivize Mr. Chapman to continue to lead the Company.
In the event that Mr. Chapman’s employment is terminated prior to the last day of the applicable calendar year by the Company without “Cause” or by Mr. Chapman for “Good Reason” (each such term, as defined in the IonQ, Inc. Executive Severance Plan and Summary Plan Description, as amended on December 3, 2024), the Company will pay Mr. Chapman any previously unpaid portion of the 2024 Chapman Bonus and the 2025 Chapman Bonus, as applicable, following the termination, subject to Mr. Chapman’s timely execution and non-revocation of a general release of claims in a form reasonably satisfactory to the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IonQ, Inc.
Date: December 20, 2024 By:
/s/ Stacey Giamalis
Stacey Giamalis
Chief Legal Officer and Corporate Secretary
doc2016
17 hours ago
i think remote use of quantum computers will be more generally available for science and the governments involvement in science. :gemini ai says:
"2.0 Experimental Advanced. Lacks access to real-time info and some Gemini features.
The US government can leverage quantum computing in numerous ways, potentially revolutionizing areas from national security to scientific research. Here's a breakdown of key opportunities and how the government can take advantage of them:
1. National Security & Defense:
Cryptography: Quantum computers pose a significant threat to current encryption methods (like RSA and ECC), which underpin internet security, financial transactions, and government communications.
Advantage: The government can invest in research and development of post-quantum cryptography (PQC) algorithms that are resistant to attacks from quantum computers. It can also lead the transition to deploying these new standards, ensuring secure communication channels and data protection.
Example: The National Institute of Standards and Technology (NIST) is currently leading an effort to standardize PQC algorithms. The government can actively participate in and fund this process, while also preparing its agencies to adopt the selected standards.
Intelligence Gathering: Quantum computers could potentially break current encryption methods, allowing access to classified information.
Advantage: Conversely, the government can also use quantum computers for cryptanalysis, potentially gaining an advantage in intelligence gathering. However, this area raises ethical concerns that must be carefully addressed.
Materials Science & Weapons Development: Quantum simulations can accelerate the discovery of new materials with enhanced properties, potentially leading to advancements in weaponry, stealth technology, and defense systems.
Advantage: The government can fund research in quantum simulations for materials science, focusing on applications relevant to national security, such as high-strength alloys, advanced composites, and novel explosives.
Sensor Technology: Quantum sensors can offer unprecedented precision in detecting and measuring various phenomena, including magnetic fields, gravitational waves, and biological signals.
Advantage: This can lead to advancements in areas like submarine detection, underground mapping, and early threat detection systems. The government can invest in developing and deploying quantum sensors for defense applications.
Example: Quantum magnetometers can be used to detect subtle changes in magnetic fields caused by submarines, potentially improving anti-submarine warfare capabilities.
2. Scientific Research & Discovery:
Drug Discovery & Development: Quantum computers can simulate molecular interactions with high accuracy, accelerating the process of drug discovery and personalized medicine.
Advantage: The government can fund research in quantum simulations for drug development, particularly for diseases with high societal impact, such as cancer, Alzheimer's, and infectious diseases. Agencies like the National Institutes of Health (NIH) can play a crucial role.
Materials Science: Beyond defense applications, quantum simulations can accelerate the discovery of new materials for various industries, including energy, electronics, and manufacturing.
Advantage: The Department of Energy (DOE) can fund research into quantum simulations for materials science, focusing on areas like renewable energy technologies (solar cells, batteries), high-performance computing materials, and sustainable manufacturing processes.
Fundamental Physics: Quantum computers can simulate complex quantum systems that are intractable for classical computers, providing insights into fundamental physics, such as quantum gravity and the early universe.
Advantage: The government can support research in using quantum computers for fundamental physics simulations through agencies like the National Science Foundation (NSF) and the DOE.
Climate Modeling: Quantum computing may be able to enhance climate models, offering more accurate predictions and better strategies for mitigation and adaptation.
Advantage: Government agencies, such as NASA and NOAA, can invest in quantum computing research to improve climate models and inform policy decisions related to climate change.
3. Economic Competitiveness:
Optimization Problems: Quantum computers can solve complex optimization problems that are relevant to various industries, including logistics, finance, and manufacturing.
Advantage: The government can encourage the development of quantum algorithms for optimization problems and promote their adoption by US businesses, enhancing their competitiveness in the global market.
Artificial Intelligence (AI): Quantum computing could potentially accelerate the development of artificial intelligence, leading to breakthroughs in machine learning and other AI applications.
Advantage: The government can invest in research on the intersection of quantum computing and AI, promoting the development of quantum machine learning algorithms and exploring their potential applications across various sectors.
Quantum Workforce Development: To fully realize the potential of quantum computing, a skilled workforce is needed.
Advantage: The government can invest in education and training programs to develop a quantum-ready workforce, including scientists, engineers, and technicians. This could involve funding university programs, research fellowships, and vocational training initiatives.
How to Take Advantage (Actionable Steps):
Increase Funding for Quantum Research and Development: The government should significantly increase funding for quantum computing research across various agencies, including the NSF, DOE, DOD, NIST, and NASA.
Establish a National Quantum Initiative: The National Quantum Initiative Act, which was signed into law in 2018, provides a framework for coordinating quantum research and development across the government. This initiative should be fully funded and implemented.
Foster Public-Private Partnerships: The government should encourage collaboration between government agencies, academia, and industry to accelerate the development and commercialization of quantum technologies.
Develop a Quantum-Ready Workforce: Invest in education and training programs to build a workforce with the skills needed to develop and utilize quantum technologies.
Address Ethical and Security Concerns: Establish guidelines and regulations to address the ethical and security implications of quantum computing, particularly in areas like cryptanalysis and AI.
Promote International Collaboration: Engage in international collaborations on quantum computing research and development, while also safeguarding national security interests.
Develop a Roadmap for Quantum Technology Deployment: Create a strategic roadmap outlining the timeline and steps for deploying quantum technologies in various sectors, including national security, healthcare, and energy.
By taking these steps, the US government can effectively harness the transformative potential of quantum computing, ensuring national security, scientific leadership, and economic competitiveness in the decades to come. The race to quantum supremacy is on, and strategic investments and proactive measures are crucial for maintaining a leading position."
Konaploinks
1 day ago
Ionq is the leader hands down.
New York Stock Exchange Showcases IonQ Technology in First Ever Recognition of a Quantum Company
IonQ’s foundational ion trap chip is displayed at NYSE alongside other revolutionary technologies
With this recognition from NYSE, IonQ follows in the footsteps of other groundbreaking companies such as Coca Cola, FedEx, Goldman Sachs, and HP
Rima Alameddine (CRO), Thomas Kramer (CFO) and Peter Chapman (President and CEO) (Photo: Business Wire)
Rima Alameddine (CRO), Thomas Kramer (CFO) and Peter Chapman (President and CEO) (Photo: Business Wire)
Rima Alameddine (CRO), Thomas Kramer (CFO) and Peter Chapman (President and CEO) (Photo: Business Wire)
December 12, 2024 08:05 AM Eastern Standard Time
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leader in the quantum computing and networking industry, is honored to announce the display of its ion trap—the foundational technology behind its quantum computers—in the lobby of the New York Stock Exchange (NYSE). This showcase recognizes IonQ’s position as a technological pioneer, quantum leader, and the only quantum computing company highlighted at the world’s largest stock exchange.
“This display reflects not only the potential of quantum computing, but also IonQ’s achievements in taking the technology out of the laboratory and into real-world commercial applications, as the first pure-play quantum computing company to go public in the US.”
Post this
IonQ’s ion trap, the brain of the company’s advanced quantum computers, uses precisely positioned ions as the foundational building blocks of its quantum approaches. These ions are trapped in a vacuum using electric fields and enable high-fidelity quantum operations. Trapped ion technology is a key advantage in progressing IonQ’s mission to build the world’s best quantum computers to tackle the most complex problems.
“Having our technology featured at the New York Stock Exchange is a testament to IonQ’s innovation, growth, and position in today’s technology market,” said Peter Chapman, President and CEO of IonQ. “This display reflects not only the potential of quantum computing, but also IonQ’s achievements in taking the technology out of the laboratory and into real-world commercial applications, as the first pure-play quantum computing company to go public in the US.”
The display will remain at the NYSE for six months, during which time it will be viewed by the thousands of entrepreneurs, investors, and global leaders who visit the exchange. The chip’s presence highlights IonQ’s milestones, including the company’s founding in 2015, its public listing debut on October 1, 2021, and its continued progress in advancing quantum computing technology.
The NYSE’s decision to spotlight IonQ aligns with the exchange’s commitment to innovation, as it recognizes companies that shape the future of industries. “As a public company listed alongside numerous global leaders, we are inspired to continue our trajectory of high growth and industry leadership,” added Chapman.
IonQ’s momentum was reinforced by its Q3 2024 financial results, with the company exceeding market expectations, doubling its year-over-year revenue for the quarter, and securing significant contracts, including a $54.5 million agreement with the U.S. Air Force Research Lab. IonQ’s strategic partnerships and achievements in quantum networking and applications further differentiate the company in the market.
To learn more about IonQ and its latest system news and business developments, visit https://ionq.com.
About IonQ
IonQ, Inc. is a leader in quantum computing that delivers high-performance systems capable of solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.
Think how many new investors this display will attract every day!
KEEP YOUR EYE ON IONQ
Konaploinks
1 day ago
U K. Did you go to this first Quantum + A I conference in N Y ? Or did u miss it? Something tells me that you missed it. Right?
This new ground-breaking event brings together Quantum + AI leaders to tackle the most pressing issues and opportunities in one of the world’s most dynamic arenas.
Be part of IQT’s first QUANTUM + AI conference and exhibition covering the coming revolution of combining quantum computing with Artificial Intelligence (AI). QUANTUM + AI takes place October 29-30, 2024, in New York City.
Quantum computing and AI are highly synergistic. Quantum computing having the potential to significantly enhance AI capabilities. Quantum AI combines the power of quantum computing with AI to create new algorithms, machine learning techniques, search procedure and data processing techniques that are impossible to achieve with classical computers.
Quantum computing can supercharge AI by processing increasingly large and complex datasets more efficiently, leading to more robust insights and improved processes in sectors such as pharma, finance and the military and intelligence services. Quantum AI has the potential to revolutionize these and other industries by enabling faster machine learning, improved predictions, and enhanced optimization.
This coming Quantum AI revolution has many challenges, which we will also discuss at this event. These include better error corrected and fault tolerant quantum computing, quantum-optimized and novel software for quantum AI-based decision making. Despite these challenges, the synergy between quantum computing and AI holds great promise for advancing technology across many different sectors. This is why we are holding this first-of-a-kind event.
“Quantum computing is one of the best things to happen to the advance of generative AI…. The Fourth Industrial Revolution will be led by generative AI but underpinned by the power of quantum computing.” —Raj Hazra, Quantinuum*
Agenda
The Quantum + AI Summit features a dynamic lineup of speakers and networking opportunities. Our agenda is meticulously curated to address the most pressing challenges and opportunities facing quantum computing in the AI age today, as well as showcase behind-the-scenes look at applications and platforms being constructed.
TOPICS COVERAGE
Please send speaking or sponsorship requests to info@3drholdings.com
Informal Greet & Meet 5:30 PM - 8:00 PM on October 28 (New York Harbor Dinner Cruise) — Click for more details »
DAY ONE (October 29)
Keynote: The Future of the Cloud: Unlocking a New Generation of Compute and Applications with AI & Quantum
Keynote: Multiverse Computing: Unlocking the Quantum AI Software Revolution
Talk 1: Quantum AI: A Quantum Computing Industry Perspective
Talk 2: AI and Quantum Simulation: A Renaissance in Materials Innovation
Panel 1: Quantum AI in Banking and Finance
Talk 3: AI & Quantum in Corporate Finance
Talk 4: Hardware Enabling More Efficient Quantum AI
Keynote: Interconnecting Between Telco Edge AI DC with E2E Quantum Secure Networking
Panel 2: Quantum AI in Pharma and Quantum Chemistry
Panel 3: Quantum AI in Healthcare
Panel 4: Emerging Markets for Quantum Machine Learning
Talk 5: Quantum Federated Learning for Privacy-Preserving AI
Panel 5: Quantum AI and Cybersecurity
Talk 6: Quantum-Accelerated Supercomputing at NVIDIA
Talk 7: Quantum ML for Finance
Talk 8: Using QRNGs in Generative AI
Talk 9: How LLMs and Quantum Science Empower Each Other
Talk 10: Generative AI for Quantum Programming
DAY TWO (October 30)
Keynote: From Lab to Fab: Bringing Quantum+AI to Applications in Europe’s Leading Innovation Region
Keynote: Improving Quantum Computing with AI
Panel 6: Quantum AI Algorithms and Software Development
Talk 11: Applications for Quantum AI in the Military
Talk 12: Machine Learning: A Nearer-Term Threat than Shor’s Algorithm
Talk 13: Quantum AI as a Threat to Encryption
Talk 14: Cybersecurity Measures To Defend Against The Rise of AI And Quantum Computing
Panel 7: Quantum AI, Networking and the Data Center
Keynote
Talk 15: AI Interpretability from Quantum
Panel 8: Where Timing Meets Quantum: AI Data Centers, the Electric Grid and Telecommunications
Talk 16: How Quantum can be the Frontier for AI
Panel 9: AI, Quantum Sensors and Quantum Robotics
Talk 17: Accelerating Quantum Chip Development Through Automation
Executive Roundtable: A Summing Up
Presentation: Supercharge Image Processing with Quantum
Konaploinks
1 day ago
Homework. U K. Read it. Test on Monday
Quantum networking is rapidly emerging as a transformative field in quantum technology, driven by advancements in quantum communication, distributed computing, and secure data transmission. Here’s an overview of its evolution and potential:
1. Core Technologies
• Quantum Entanglement: Enables the creation of interconnected quantum states across long distances, forming the backbone of quantum networking. Recent experiments have achieved entanglement over hundreds of kilometers using fiber optics or satellite links.
• Quantum Key Distribution (QKD): A practical application of quantum networking that provides unbreakable encryption for secure communications. QKD systems are already in use for financial and governmental data protection.
• Photonic Interconnects: Facilitating communication between quantum processors, these technologies are critical for building scalable, distributed quantum computers.
2. Emerging Use Cases
• Secure Communications: Protects against hacking threats posed by quantum computers.
• Distributed Quantum Computing: Links quantum processors to perform complex computations collaboratively.
• Quantum Sensors: Networks of quantum sensors enhance precision in fields like environmental monitoring and medical diagnostics.
3. Key Developments
• Infrastructure Investments: Governments and companies worldwide are investing in quantum networks. For instance, the EU’s Quantum Internet Alliance and China’s quantum satellite “Micius” are groundbreaking initiatives.
• Private Sector Involvement: Companies like IonQ, IBM, and Toshiba are working on hardware and software to support quantum networks.
• Standardization Efforts: Organizations like ETSI are developing standards for quantum communication systems to ensure interoperability.
4. Challenges
• Distance Limitations: Quantum signals degrade over long distances due to noise, requiring the development of quantum repeaters.
• Scalability: Expanding quantum networks to global scales requires significant advances in infrastructure and technology.
• Cost: Building quantum infrastructure, including satellites and ground stations, remains expensive.
5. Future Outlook
Quantum networking is expected to revolutionize fields such as:
• Cybersecurity, through QKD and post-quantum cryptography.
• Global Internet, with quantum networks supplementing classical networks for enhanced speed and security.
• Scientific Collaboration, enabling quantum simulations and experiments across interconnected labs.
This sector is poised to see exponential growth, with governments and private enterprises investing billions into research and development. If you’d like specific case studies or current developments, let me know!