Pasqal, a global leader in neutral-atom quantum computing, and Eleven Ventures, a Kingdom of Saudi Arabia based investment platform and venture capital firm, today announced an agreement to establish a commercial joint venture to deploy, commercialize and scale Pasqal's quantum computing systems across the Kingdom of Saudi Arabia (the "Kingdom") and the region, with plans to deploy multiple quantum systems in the coming years. The venture is designed to advance the Kingdom's Vision 2030 ambitions in artificial intelligence and advanced computing, and to position the Kingdom as a regional hub for quantum technology.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.