Groq, a rival to Nvidia in the AI space, announced plans to deploy its AI technology in Saudi Arabia in 2024. This comes as the company boasts a massive token capacity, exceeding even Microsoft and OpenAI combined, and a growing developer community. Groq also secured a new funding round, doubling its valuation to $2.5 billion.
Results for: Aramco
Paris-based quantum computer startup Pasqal has partnered with Saudi Arabia’s state oil giant Aramco to install the first quantum computer in the country. The 200-cubit quantum computer is scheduled for deployment in the second half of 2025 and will be installed, maintained, and operated by Pasqal.