Partnership leverages Zapata’s leading AI
software and development platform to enhance D-Wave’s Leap™ cloud
service to support quantum, hybrid quantum, and classical
Generative AI solutions
Zapata Computing Holdings Inc. (“Zapata AI”) (Nasdaq: ZPTA), a
leader in Industrial Generative AI software solutions, and D-Wave
Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing
systems, software, and services, and the world’s first commercial
supplier of quantum computers, today announced a significant
expansion to their joint commercial partnership, designed to
accelerate the development and delivery of integrated quantum and
generative AI solutions in D‑Wave’s Leap cloud platform. The new
agreement leverages Zapata’s proprietary Universal Generative AI
software for rapid development and builds upon D-Wave’s Leap™
real‑time quantum cloud service to support quantum, hybrid quantum,
and classical AI solutions. The joint development work will focus
on improved and more energy efficient model training, more
performant models, and the synergistic use of Generative AI and
quantum optimization.
“We are pleased to expand our go-to-market and technology
partnership with a visionary leader in quantum computing, and to
deepen the strategic collaboration between our teams,” said
Christopher Savoie, CEO and co-founder of Zapata AI. “In addition
to the business value we’re delivering to customers through our
Universal Generative AI solutions, which combine time-series data
computational models and large language model (LLM) optimization,
this agreement also enables Zapata to provide the precious compute
capacity which enterprises are so desperate for as they deepen
their investment in generative AI applications to solve complex
business problems.”
The expanded partnership comes as quantum computing is beginning
to demonstrate how it could enable more accurate and efficient AI
model training, as well as leveraging the predictive capabilities
of AI to deliver better-optimized business processes. Quantum
computing stands to supercharge AI for certain enterprise use cases
and drive sustainability, lower cost, and operational efficiency.
This means quantum computing could help boost AI advancement for
complex, massively scaled computational models, deep learning,
natural language processing, and computer vision – without
consuming enormous amounts of energy.
“Our strategic relationship with Zapata AI brings us another
step closer to delivering to our customers the transformative
combined power of Universal Generative AI and quantum computing in
a single cloud platform,” said Dr. Alan Baratz, CEO of D-Wave.
“Zapata AI has been pioneering quantum-based generative modeling
for over five years, well before generative AI stole headlines and
became a mainstream enterprise priority. We are excited to deepen
our partnership with Zapata and leverage their industry-leading
algorithmic capabilities and scientific expertise to bring a
quantum-enabled generative AI platform to market.”
The commercial expansion includes a one-year Enterprise
subscription license to Orquestra®, Zapata AI’s robust software
development and collaboration platform for building and deploying
Universal Generative AI applications at scale, along with
Enterprise Solutions support for use case research, prototype
configuration, and application piloting.
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
applications and its cutting-edge Orquestra® platform. By combining
time series data and text-based computational models and custom
software applications to power industrial-scale solutions, Zapata
AI enables enterprises and government entities to drive growth,
operational efficiency, and critical business insights. With
Zapata’s proprietary enterprise and scientific solutions, and the
Orquestra® platform, Zapata AI is accelerating Generative AI’s
impact across industries by delivering products which are higher
performing, less costly, more accurate and expressive than current,
classical approaches to AI. The Company was founded in 2017 and is
headquartered in Boston, Massachusetts, with offices around the
world.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Mastercard,
Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended, that are subject to risks and uncertainties and
are made pursuant to the safe harbor provisions of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements generally are accompanied by words such as “aim,”
“believe,” “may,” “will,” “intend,” “evolve,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “progress,” “seem,”
“seek,” “future,” “outlook,” and similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters. With respect to Zapata AI, these
forward-looking statements include, but are not limited to,
statements regarding anticipated interest by telecommunication
companies in its offerings and the ability of its technology to
transform the telecommunications industry. These statements are
based on the current expectations of Zapata AI’s management and are
not predictions of actual performance. With respect to D‑Wave,
these forward-looking statements include, among others, various
factors beyond D‑Wave’s management’s control, including the risks
set forth under the heading “Risk Factors” discussed under the
caption “Item 1A. Risk Factors” in Part I of its most recent Annual
Report on Form 10‑K or any updates discussed under the caption
“Item 1A. Risk Factors” in Part II of its Quarterly Reports on Form
10-Q and in its other filings with the Securities and Exchange
Commission. The inclusion of forward-looking statements should not
be regarded as a representation that such plans, estimates and
expectations will be achieved. Readers are cautioned not to place
undue reliance on the forward-looking statements contained herein,
which speak only as of the date hereof. Neither Zapata nor D-Wave
undertakes any obligation to publicly update any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law. Risks
and uncertainties that could cause Zapata’s actual results to
materially differ from those described in the forward-looking
statements include, but are not limited to, (i) failure to realize
the benefits expected from the business combination; (ii) its
ability to successfully market and deploy its Generative AI
solutions to telecommunications companies (iii) a decline in the
price of its securities if it fails to meet the expectations of
investors or securities analysts; (iv) its ability to attract new
customers, retain existing customers, and grow; competition in the
generative AI industry; (v) its ability to raise additional capital
on non-dilutive terms or at all; (vi) its ability to improve its
operational, financial and management controls; (vii) failure to
maintain and enhance awareness of its brand; (viii) increased costs
associated with operating as a public company; (ix) protection of
proprietary rights; intellectual property infringement, data
protection and other losses; and (x) other risks and uncertainties
described in its filings with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20240708685316/en/
For Zapata AI Media: press@zapata.ai Investors:
investors@zapata.ai
For D-Wave Quantum Media: media@dwavesys.com Investors:
ir@dwavesys.com
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