Zapata AI and Mila Partner to Elevate Generative Modeling Research for Industrial Use Cases

Rhea-AI Summary

Zapata AI partners with Mila to advance generative AI research and develop quantum algorithms for enterprise applications.

Positive

• The partnership aims to refine quantum algorithms for generative AI applications, making them faster, cheaper, and scalable for enterprise customers.
• The collaboration will contribute to advancements in machine learning and quantum algorithms, benefiting industries such as life sciences, financial services, discrete manufacturing, and heavy machinery.

Negative

• None.

Partnership Aims to Push Generative AI Research Forward to Help Enterprises Solve their Most Computationally Complex Problems with Quantum and Classical Algorithms.

BOSTON--(BUSINESS WIRE)-- 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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Zapata AI

Media: press@zapata.ai

Investors: investors@zapata.ai

Source: Zapata AI

FAQ

What is the partnership between Zapata AI and Mila about?

The partnership aims to advance generative AI research and develop quantum algorithms for enterprise applications.

What are the benefits of this collaboration?

The collaboration will refine quantum algorithms for generative AI applications, making them faster, cheaper, and scalable for enterprise customers. It will also contribute to advancements in machine learning and quantum algorithms, benefiting industries such as life sciences, financial services, discrete manufacturing, and heavy machinery.

What industries will benefit from this partnership?

Industries such as life sciences, financial services, discrete manufacturing, and heavy machinery will benefit from the advancements in generative AI research and quantum algorithms.

What will be the focus of the research paper to be published?

The research paper will focus on quantum-inspired generative models that can learn from data on continuous variables, such as images, time-series data, and real-world sensor data, to generate new and improved solutions for industrial problems.