However, thus far they have been relatively quiet when it comes to investing in quantum technology.
That is now starting to change.
According to the deal, Pasqal will deliver and install a 200-qubit system by the second half of 2025.
Pasqal was founded in 2019 and currently commercialises a 100-qubit system.
The company works with what are called neutral atom qubits.
This crucially reducesnoisethat impacts qubits and their quantum states, leading to computational errors.
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That is a bold statement.
Will the Gulf import quantum expertise?
Aramco and Pasqal have not revealed any financial details regarding the deal.
However, it lacks a homegrown quantum sector.
As such, we are bound to see more deals like this in the near future.
Hopefully, they will involve more European startups.
This places the company firmly among the 10 best-funded quantum startups in the world.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
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