Companies will sell the servers to customers across Europe, India, the Middle East, and South America

Company claims more than 50 percent of quantum computer developers are now customers

Investment will support expansion of Dammam data center

Financial terms have not been disclosed

Deal saw company valued at $1.2bn

Has three R&D centers in the middle eastern nation

Claims it is the “world’s first”

Restrictions would be in the interest of national security

Collaborating with Cerebras Systems, Groq, and Qualcomm

Funding forms part of Rebellions’ extended Series B funding round

Financial terms of the deal were not disclosed

Center will also host first deployment of Nvidia DGX Quantum

Company had secured a $3.2bn grant from Israeli government to help fund the upgrade

Megachip system coming later this year

200-qubit system scheduled for deployment in 2025

Funding was extension of Series C round

Brings company’s total funding to $70 million

Servers produced at the site will carry a ‘Saudi Tech’ logo

Funding came from both new and existing investors

Altman reportedly first floated the idea before he was ousted and reinstated as CEO in 2023

The company has secured $3.2bn in funding from the Israeli government