Artificial intelligence has emerged as a transformative force across various industries. Zapata AI is a company that specializes in quantum computing and machine learning solutions.
Zapata AI is positioning itself as a frontrunner in the AI stock market. Investors are turning their attention to Zapata AI stock, intrigued by its potential for substantial growth in an era where AI technologies are becoming integral to business operations.
Understanding Zapata AI’s strategic positioning could be key for both investors and tech enthusiasts.
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Zapata AI
In the US, Zapata Computing Holdings Inc. is a business that develops industrial generative artificial intelligence (AI) software. The business provides subscription-based solutions that integrate services and software to create generative AI applications and related services to address challenging industrial issues.
It offers Orquestra, an industrial generative AI application development platform that offers sense and prose. Zapata AI Prose, a collection of generative AI solutions built on large language models for generic chatbot applications.
Zapata AI Sense, a suite of algorithms and sophisticated mathematical models to improve analytics and other data-driven applications. It caters to business enterprises. Founded in 2017, Zapata Computing Holdings Inc. is headquartered in Boston, Massachusetts.
Zapata Financial Performance
Zapata Computing Holdings’s revenue in 2023 was $5.68 million, up 10.01% from $5.17 million the year before. Compared to 2022, losses were -$29.73 million, or 26.8% higher.
Zapata Funding, Valuation, and Revenue
Over ten rounds, Zapata AI has raised $74.28 million. The company’s recent investment round ended on October 9, 2024.Zapata AI Investors
Zapata AI Competitors
- QC Ware
- 1Qbit Information Technologies
- Agnostiq
- Quantum Mads
- Classiq
- JoS Quantum
Zapata AI Patents
39 patents have been filed by Zapata AI.
The following are the top three patent topics:
- Quantum information science
- Quantum mechanics
- Quantum computing
Zapata AI Expert Collections
Expert Collections are listings of companies in the significant technology sectors that have been thoroughly chosen by analysts. Six Expert Collections, including Quantum Tech, contain Zapata AI.
Zapata AI Board of Directors
Clark Golestani is one of the three directors on the board of Zapata AI.
Zapata AI Stock Price
As of October 29, 2024, ZAPATA COMPUTING HOLDINGS’ (ZPTA) stock price is $0.079 per share.
Zapata AI Market Cap
ZAPATA COMPUTING HOLDINGS (ZPTA) has a market value of around 1.2 million.
Zapata AI Computing Holdings Earning Per Share
-4.83 is the EPS for Zapata Computing Holdings.
Zapata Trading On NASDAQ
Sumit Kapur, the newly appointed Chief Financial Officer and Vice President of Finance, received an inducement grant of a non-statutory stock option from Zapata Computing Holdings, which trades on the Nasdaq as ZPTA. The option to buy 600,000 shares at the closing price of $1.23 per share on May 13, 2024, is part of Kapur’s grant.
According to the vesting plan, 25% of shares would vest on the first anniversary, with the remaining 75% vesting over the course of three years in equal monthly increments, provided that the employee remains employed.
In accordance with Nasdaq Rule 5635(c)(4), the Board’s remuneration Committee authorized the grant, which is a significant part of Kapur’s remuneration. Kapur shall take over as CFO on May 20, 2024.
Zapata AI 1st Quarter 2024 Financial Results
Revenue for the first quarter of 2024 was $1.22 million, down from $1.51 million in the first quarter of 2023, according to financial statistics released by Zapata AI (NASDAQ: ZPTA). The business reported an operating loss of $5.08 million, which was the same as the $5.09 million it reported the year before.
In the first quarter of 2023, cash used for operating activities decreased from $5.32 million to $2.15 million. By the end of 2023, cash and cash equivalents had grown from $3.33 million to $7.25 million.
The effective implementation of a generative model on quantum hardware for cancer treatment candidates, partnerships with Sumitomo Mitsui Trust Bank, D-Wave, and Tech Mahindra, and a $1 million expansion agreement with Andretti Global are noteworthy business milestones.
After the first quarter of 2024, the company raised an additional $5.4 million.
Conclusion: Zapata AI Stock
Andretti Global, an established company in the world of racing, and Zapata AI announced a significant extension of their collaboration. With this seven-figure deal, Zapata’s generative AI, machine learning, and optimization technologies can be used to strengthen Andretti’s technological advantage.
The partnership promises to boost Andretti’s race strategy, operations, and engineering teams, fostering innovation and operational efficiency across their participation in several racing championships, such as Formula E and INDYCAR®.
FAQs: Zapata AI Stock
What is Zapata AI and what does it do?
Zapata AI, known as Zapata Computing Holdings Inc., is a leading industrial generative AI company specializing in quantum computing and generative artificial intelligence. The company offers a unique set of generative AI solutions that are designed to address complex industrial challenges.
Their focus is on integrating software and services to develop innovative solutions that cater to enterprise organizations across various sectors.
What is the current stock price of Zapata AI?
The current stock price of Zapata AI, listed under the ticker ZPTA on NASDAQ, fluctuates based on market conditions. Investors interested in Zapata AI should check financial news platforms or stock market apps to obtain real-time updates on the stock price and other relevant information.
What are the key offerings of Zapata AI?
Zapata AI offers a range of products, including subscription-based solutions that combine software and services to solve complex industrial problems.
Their generative AI applications leverage quantum computing capabilities to provide advanced generative AI solutions that improve operational efficiency and decision-making processes for enterprise clients.
Who is the Chief Financial Officer of Zapata AI?
The Chief Financial Officer of Zapata AI is Christopher Savoie. He plays a primary role in the financial management and strategic direction of the company, so that Zapata AI operates efficiently while pursuing growth opportunities in the industrial generative AI sector.
What are the future projections for Zapata AI stock in 2024?
Analysts have varying projections for Zapata AI stock in 2024, influenced by factors such as market trends, the performance of generative AI applications, and advancements in quantum computing.
Investors are encouraged to conduct thorough research and consult financial experts to make informed decisions regarding the Zapata AI stock’s potential valuation.
