The new engagement expands Zapata AI’s work with Andretti’s engineering, operations, and race strategy teams with the goal of delivering significant innovation and operational efficiencies across Andretti’s global presence in multiple racing series, while helping build a foundation for expansion to future series. The announcement also marks an expansion of the companies' co-branding and marketing relationship to enhance visibility around Andretti’s efforts to remain on the cutting edge of innovation in INDYCAR® racing.
“Zapata AI has been a valuable innovation partner supporting our strategy and engineering teams in pursuit of winning more races, and they have added value on and off the track as we enter our third race season together,” said
The newly announced engagement includes Zapata AI building an AI-ready database application to manage and update dynamic records for all previous Andretti racing configurations for every driver, in every race, across all Andretti racing series from current and prior seasons, including INDYCAR®, INDY NXT,
“Every second counts in INDYCAR® racing,” said
"We’re proud to expand our long-term commitment in support of our strategic partners at Andretti Global, as they maintain their competitive edge on the track, and as they expand their global footprint into future racing series,” said
Andretti and Zapata AI initially entered into a multi-year partnership in
A demonstration of Zapata’s yellow flag prediction capability, drawn from Andretti’s performance data in a 2024 INDYCAR® race, can be found here.
To learn more about Zapata AI’s strategic partnership with Andretti, see the Andretti Global case study on Zapata AI’s website.
About Zapata AI
Zapata AI (Nasdaq: ZPTA) is the Industrial Generative AI company, revolutionizing how enterprises solve complex operational challenges with its powerful suite of generative AI software. By combining numerical and text-based generative AI models and custom software applications to power industrial-scale solutions, Zapata AI enables enterprises and government entities to drive growth, cost savings, and critical operational insights. With its proprietary data science and engineering techniques, and the Orquestra® platform, Zapata AI is accelerating Generative AI’s impact across industries by delivering solutions which are higher performing, less costly, and more accurate than current systems. The Company was founded in 2017, spun out of
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,” “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 and other statements that are not historical facts. These statements are based on the current expectations of 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. These statements are subject to a number of risks and uncertainties regarding Zapata AI’s business, and actual results may differ materially. 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
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 Zapata AI presently does not know or that Zapata AI currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. While Zapata AI may elect to update these forward-looking statements at some point in the future, Zapata AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing 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.
Contacts:
Media: press@zapata.ai
Investors: investors@zapata.ai
Source:
2024 GlobeNewswire, Inc., source