Zapata Computing Holdings Inc. (“Zapata AI” or the “Company”)
(Nasdaq: ZPTA), the Industrial Generative AI company, today
announced that it has joined the KT Consortium, a collaborative
body connecting global industry leaders in chemical and biochemical
manufacturing with the state-of-the-art technologies emerging from
academia. As consortium members, Zapata AI will collaborate with
some of the world’s leading chemical and biochemical manufacturers
— members include Henkel, Mitsubishi Chemical, Neste, Total Energy,
Syngenta, Arkema among other leaders — leveraging its optimization,
virtual sensor, predictive modeling, and generative AI capabilities
to accelerate chemical compound development and manufacturing at
scale. Collectively, KT Consortium member companies generate more
than USD $100 billion in annual revenue, and produce compounds that
make everyday life possible for consumers around the globe, from
pharmaceuticals to crop protection, energy, and laundry detergent.
“The KT Consortium represents some of the
world’s foremost innovators in the chemical and biochemical
industries and we are proud to be selected for membership,” said
Christopher Savoie, CEO and co-founder of Zapata AI. “Industrial
generative AI has the potential to be a transformative technology
for the chemical and biochemical industries, even more so with the
addition of quantum techniques. Working directly with these
industry leaders will give us unparalleled insight into how these
technologies can help solve their most complex challenges and
deliver a competitive advantage. Joining the consortium is a
testament to our technological leadership, world-class research
team, and industry-leading expertise in generative AI and
quantum.”
Zapata has an extensive history of successful
partnerships with leading chemical and biochemical manufacturers,
with clients including BASF and BP, and a track record of published
research in quantum algorithms for chemical discovery. Joining the
KT Consortium provides Zapata AI with the opportunity to work
closely with top decision makers at the world-renowned chemical and
biochemical manufacturers that make up the consortium, leveraging
its hardware- and software-agnostic platform, quantum algorithms,
and generative AI capabilities to generate significant value and
efficiencies for the industry.
“Zapata AI has long been a reliable research
partner with a strong track record of applying the latest
innovations in AI and quantum to complex industrial challenges,”
said Seyed Soheil Mansouri, Associate Professor at the Technical
University of Denmark (DTU) Department of Chemical and Biochemical
Engineering. The consortium is associated with the department,
which Zapata AI has been partnered with since 2023 to apply
quantum-enhanced generative AI to pharmaceutical manufacturing.
“The Consortium selected Zapata for membership because of its
breadth of capabilities, from the Orquesta platform, to its
innovative scientific solutions, to its industry-leading generative
AI and quantum expertise. We look forward to bringing Zapata's
technologies to global leaders in the chemical and biochemical
manufacturing industries.”KT Consortium is a unique
industry-academia collaboration where members are provided
collaboration opportunities focused on state-of-the-art methods and
tools for chemical and biochemical engineering, with an emphasis on
Process Systems Engineering (PSE), applied thermodynamics, and
property prediction.
“We are thrilled to welcome Zapata AI to the KT
Consortium,” said Georgios Kontogeorgis, KT Consortium Head and
Professor at the DTU Department of Chemical and Biochemical
Engineering. “Zapata’s cutting-edge advancements in quantum
generative AI represent a significant leap forward for our industry
partners, with the potential to dramatically reduce the costs and
time associated with chemical and biochemical development and
manufacturing. Together, we are poised to drive transformative
progress and set new standards in the industry.”
About Zapata AIZapata AI is the
Industrial Generative AI company, revolutionizing how enterprises
solve complex operational challenges with its powerful suite of
generative AI software applications and cutting-edge reference
architecture. 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 through operational efficiencies, 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 and expressive than current, classical approaches to
AI. The Company was founded in 2017 and is headquartered in Boston,
Massachusetts.
About KT ConsortiumKT
Consortium is an industry-academia collaboration where members are
provided networking opportunities and state-of-the-art methods and
tools for chemical and biochemical engineering with emphasis in
Process Systems Engineering (PSE), applied thermodynamics and
property prediction. Our objectives are to develop generic methods
and tools using computer aided systems approach to solve and
analyze problems related to product-process modelling, simulation,
synthesis, design, analysis, control, & operation for companies
operating within the areas of chemical, pharmaceutical,
agrochemical, food and biochemical industry.
Forward Looking
StatementsCertain 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, 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 failure to maintain and enhance awareness of its
brand; and the risks and uncertainties discussed in the Company’s
filings with the Securities and Exchange Commission (including
those described in the Risk Factors section in the Company’s Annual
Reports on Form 10-K and Quarterly Reports on Form 10-Q).
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 press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
Contacts:Media: press@zapata.ai
or zapataai@icrinc.com Investors: investors@zapata.ai
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