Partnership Aims to Push Generative AI Research
Forward to Help Enterprises Solve their Most Computationally
Complex Problems with Quantum and Classical Algorithms.
Zapata AI, the Industrial Generative AI company, today announced
its partnership with Mila – Quebec AI Institute, the world’s
largest academic deep learning research center. This collaboration
will contribute to the development of advancements in various areas
of machine learning and quantum algorithms and bolster the value
that can come from these innovative technologies.
“We’re thrilled to partner with an institute with such a
longstanding reputation for innovation in the field,” said Yudong
Cao, CTO and co-founder at Zapata AI. “Quantum algorithms running
on classical computers can deliver tangible value for generative AI
applications today, particularly those that are time consuming and
expensive to run. We’re looking forward to working with Mila
researchers to refine these algorithms and help our enterprise
customers run their generative AI models faster, cheaper, and at a
wider scale — both for language-based applications and those
involving numerical or time-series data.”
Together, Zapata AI and Professor Guillaume Rabusseau, Assistant
Professor at Université de Montréal and Canada CIFAR AI Chair,
alongside other members of the Mila community, will vastly broaden
their resources and deep research capabilities that support the
development of generative AI applications for industries such as
life sciences, financial services, discrete manufacturing, and
heavy machinery. With these combined efforts, the teams are aiming
to discover new potential AI applications and mathematical
formulations that could help enterprises solve complex business
problems.
“This partnership with Zapata AI allows some of our researchers
to combine emerging quantum and quantum-inspired techniques with
state-of-the-art classical methods,” said Stéphane Létourneau,
Executive Vice-President of Mila. “With our overlapping interests
in core areas including health, environment and climate change, and
AI ethics, our collaboration was a natural fit.”
In the coming weeks, Zapata AI and Mila will publish the first
research paper born from their collaboration, which builds on
Zapata AI’s previous research on quantum-inspired generative
models. The research enables these models to learn from data on
continuous variables, which include images, time-series data, and
real-world sensor data. These variables are common in industrial
problems and this research could be applied to generate new and
improved solutions to these problems.
About Mila:
Founded by Professor Yoshua Bengio of the University of
Montreal, Mila is an artificial intelligence research institute
that brings together over 1,200 researchers specializing in machine
learning. Based in Montreal, Mila’s mission is to be a global hub
for scientific advances that inspire innovation and development of
AI for the benefit of all. Mila is a non-profit organization
recognized worldwide for its significant contributions to the field
of deep learning, particularly in language modeling, machine
translation, object recognition, and generative models. For more
information, visit mila.quebec.
About Zapata AI:
Zapata AI is the Industrial Generative AI company,
revolutionizing how enterprises solve their hardest problems with
its powerful suite of Generative AI software. By combining
numerical and text-based solutions, Zapata AI empowers enterprises
to leverage large language models and numerical generative models
better, faster, and more efficiently—delivering solutions to drive
growth, savings and unprecedented insight. With proprietary science
and engineering techniques and the Orquestra® platform, Zapata AI
is accelerating Generative AI’s impact in Industry. The Company was
founded in 2017 and is headquartered in Boston, Massachusetts. On
September 6, 2023, Zapata AI entered into a definitive business
combination agreement with Andretti Acquisition Corp. (NYSE: WNNR),
the consummation of which, subject to customary closing conditions,
will result in Zapata AI becoming a publicly listed company on the
New York Stock Exchange. To learn more, visit:
https://www.zapata.ai
Forward-Looking Statements
Certain statements made herein are not historical facts but are
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. Forward-looking statements generally are accompanied by words
such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “plan,”
“predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding future events, the transaction, the estimated
or anticipated future results and benefits of the combined company
following the transaction, including the likelihood and ability of
the parties to successfully consummate the transaction, future
opportunities for the combined company, and other statements that
are not historical facts. These statements are based on the current
expectations of Andretti Acquisition Corp.’s and Zapata AI’s
management and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on,
by any investor as a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Andretti Acquisition Corp. and Zapata AI.
These statements are subject to a number of risks and uncertainties
regarding Zapata AI’s businesses and the transaction, and actual
results may differ materially. These risks and uncertainties
include, but are not limited to, ability to meet the closing
conditions to the transaction, including approval by stockholders
of Andretti Acquisition Corp. on the expected terms and schedule
and the risk that regulatory approvals required for the transaction
are not obtained or are obtained subject to conditions that are not
anticipated; delay in closing the transaction or failure to close
the transaction within the period permitted under its governing
documents; failure to realize the benefits expected from the
proposed transaction; a decline in the price of Andretti
Acquisition Corp’s securities following the transaction if it fails
to meet the expectations of investors or securities analysts; the
amount of redemption requests made by Andretti Acquisition Corp.’s
public stockholders; the ability of Andretti Acquisition Corp. or
the combined company to issue equity or equity-linked securities in
connection with the transaction or in the future; the effects of
pending and future legislation; risks related to disruption of
management time from ongoing business operations due to the
proposed transaction; business disruption following the
transaction; risks related to Andretti Acquisition Corp.’s and
Zapata AI’s indebtedness; other consequences associated with
mergers, acquisitions, and divestitures and legislative and
regulatory actions and reforms; Zapata’s ability to maintain its
current rate of growth; maintenance and renewal of customer
contracts and subscriptions; competition in Zapata AI’s industries;
Zapata AI’s ability to raise additional capital; the successful
integration of potential targets, products, or technologies; 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 being a public company;
cybersecurity incidents; ability to prevent fraudulent activities
by Zapata AI’s customers, employees, or other third parties;
potential interruptions or delays in third-party services;
protection of proprietary rights; intellectual property
infringement, data protection, and other losses; compliance with
federal, state, and local laws as well as statutory and regulatory
requirements; risks of implementing controls and procedures
required for public companies following the transaction; and the
ability of Zapata AI’s or the combined company to issue equity or
equity-linked securities with the proposed business combination or
in the future; and those factors discussed in Andretti Acquisition
Corp.’s Form 10-K for the year ended December 31, 2022, under Risk
Factors in Part I, Item 1A and other documents of Andretti
Acquisition Corp. filed, or to be filed, with the SEC.
If any of these risks materialize or if assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that Andretti Acquisition Corp. or Zapata AI
presently do not know or that Andretti Acquisition Corp. or Zapata
currently believe are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements provide
Andretti Acquisition Corp.’s or Zapata AI’s expectations, plans, or
forecasts of future events and views as of the date of this
communication. Andretti Acquisition Corp. or Zapata AI anticipate
that subsequent events and developments will cause their
assessments to change. However, while Andretti Acquisition Corp. or
Zapata AI may elect to update these forward-looking statements at
some point in the future, Andretti Acquisition Corp. or Zapata AI
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Andretti Acquisition Corp.’s or Zapata AI’s
assessments as of any date subsequent to the date of this
communication. Accordingly, undue reliance should not be placed
upon the forward-looking statements.
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