These risks and uncertainties include, but are not limited to, failure to realize the benefits expected from the business combination; a decline in the price of the combined company’s securities if it fails to meet the expectations of investors or securities analysts; Zapata AI’s ability to attract new customers, retain existing customers, and grow; competition in the generative AI industry; Zapata AI’s ability to raise additional capital on non-dilutive terms or at all; Zapata AI’s ability to improve its operational, financial and management controls; Zapata AI’s failure to maintain and enhance awareness of its brand; increased costs associated with operating as a public company; protection of proprietary rights; intellectual property infringement, data protection and other losses; and other factors discussed in Zapata AI’s definitive proxy statement/prospectus, filed with the Securities and Exchange Commission (the "SEC”) on January 29, 2024, and other documents of Zapata AI filed, or to be filed, with the SEC.
Our ongoing work with Andretti, whether it's predicting yellow flags to modeling tire degradation or optimizing car set ups, are perfect analogous use cases in how Zapata AI leverages generative AI to accurately predict the future and enable better decision-making in real-time, even on the edge and in challenging industrial environments.” Andretti and Zapata AI initially entered into a multi-year partnership in February 2022, including a brand sponsorship and a multi-million-dollar agreement to deploy and leverage Zapata AI’s platform, Orquestra®, in search of race day performance advantage driven by advanced analytics and quantum techniques.
The partnership expansion represents a seven-figure booking for Zapata AI, and will expand the scope of technological innovation in support of Andretti Global’s worldwide racing operation by leveraging Zapata’s generative AI, machine learning, and optimization solutionsBOSTON, April 17, 2024 (GLOBE NEWSWIRE) -- Zapata AI (Nasdaq: ZPTA), the Industrial Generative AI company, today announced a $1,000,000 commercial expansion, entered into on March 28, 2024, under its existing agreement with Andretti Global that expands the partnership and formally recognizes Zapata AI as Andretti’s official AI Partner.
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