Two categories here: feasibility demonstration and operational proof.
A test bench on 250 S&P 500 assets with a 64-qubit system represents a technical proof of concept, certainly commendable, but it is a distinct category from the reliability required for a pension fund.
Our taxonomy requires robustness against volatility and complex constraints that this type of test does not cover, for example, liquidity risk management or the integration of ESG criteria.
Confusing these two families of evidence would be a fundamental mistake in our decision-making process, where capital preservation takes precedence and requires proof under real and regulated conditions.