Zapata Computing Co., Ltd.
The partnership leverages Zapata AI's quantum-based industrially generated AI capabilities to deliver real-time intelligence, including in edge environments, to enable Tech Mahindra's global telecom customers to transform their networks and customer operations. We aim to do so.
BOSTON, May 14, 2024 (GLOBE NEWSWIRE) — Zapata Computing Holdings Inc. (“Zapata AI” or the “Company”) (Nasdaq: ZPTA), an industrial generative AI company, today announced that it has announced that it has announced that it has announced that Tech Mahindra (NSE) announced a strategic alliance with : TECHM) is a leading global provider of technology consulting and digital solutions to companies across a variety of industries. The companies will focus on products that leverage Zapata AI's suite of quantum-based generative AI solutions to enhance Tech Mahindra's capabilities to improve operational efficiency and customer responsiveness for communications service providers (CSPs) globally. We aim to provide solutions that realize “Speed.” . This relationship will give Zapata AI access to Tech Mahindra's robust portfolio of global CSPs to market and deploy a powerful suite of generative AI solutions.
The initial focus will be on combining Tech Mahindra's telecom domain expertise with Zapata AI's cutting-edge generative AI technology to transform telecom operations with the potential to reshape the industry. Zapata's differentiated approach to industrially generated AI uses quantum-based algorithms, time-series data, real-time analytics at the edge, and practical deployment methodologies to address a wide range of mission-critical use cases. We aim to unlock significant value for carriers across the globe. . This joint effort includes network optimization, anomaly detection to prevent disruptions and intrusions, proactive network maintenance, personalized customer interactions, and low-cost AI solutions that scale efficiently across large networks. We aim to implement generative AI-powered solutions that are scalable and performance-enhancing. . CSPs can expect faster introduction of new services, improved uptime, reduced service costs, optimized response to issues, and customized customer interactions that can adapt in real time to changing consumer preferences. . This is expected to improve service quality and reliability with superior customer satisfaction and loyalty while delivering significant cost savings and operational efficiencies.
“Accurately predicting, anticipating, and responding to service interruptions and high-traffic events, in addition to optimizing network and operations management, can help ease the burden of significant operational costs for communications service providers.” said Christopher Savoie, CEO and co-founder. Zapata AI. “Tech Mahindra is globally recognized as a leading technology partner for the telecommunications industry and we are proud to work with them to help transform our customers' operations. We look forward to continuing to demonstrate the power of our solutions and deepening our relationship with Tech Mahindra's extensive network of global CSPs.”
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The combined capabilities provided by Tech Mahindra and Zapata AI will give CSPs more flexibility and agility to enhance their operations and customer service strategies. Tech Mahindra's leadership in creating large-scale language models (LLMs) from scratch, combined with Zapata's expertise in quantum-based algorithms, tensor networks, time series data, and computational models, helps CSPs better manage services. and new opportunities for expansion. speed and efficiency.
“Tech Mahindra partnering with a company like Zapata AI is a compelling example of how we deliver on our 'Scale at Speed' philosophy,” said Tech Mahindra, President, Americas Communications Business. , said Abhishek Shankar. “Together, we will deliver Gen AI solutions that scale across large and complex networks, while addressing key operational challenges for the world's largest CSPs and improving service delivery and customer experience.” We are working to transform the communications environment.”
About Zapata AI
Zapata AI (Nasdaq: ZPTA) is an industrial generative AI company revolutionizing the way enterprises solve complex operational challenges with a powerful suite of generative AI software applications and cutting-edge reference architectures. Masu. Zapata AI combines numerical and text-based generative AI models with custom software applications to power industrial-scale solutions that help businesses and government agencies drive growth, increase operational efficiency, reduce costs, and improve critical enable you to gain insightful operational insights. Zapata AI leverages proprietary data science and engineering techniques and the Orquestra® platform to deliver solutions that are higher performing, lower cost, more accurate, and more expressive than current classical AI approaches. We are accelerating the impact of Generative AI across industries. The company was founded in 2017 and is headquartered in Boston, Massachusetts.
About Tech Mahindra
Tech Mahindra (NSE: TECHM) provides technology consulting and digital solutions to global companies across industries, enabling them to achieve transformative scale at unparalleled speed. With more than 145,000 professionals assisting more than 1,100 clients in more than 70 countries, TechM provides consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience and design services, AI and Analytics, and cloud and infrastructure services. The company is the first Indian company in the world to be awarded the Sustainable Markets Initiative's Terra Carta Seal in recognition of proactively leading efforts to create a climate- and nature-positive future. Tech Mahindra is part of the Mahindra Group, one of the largest and most admired multinational consortiums, founded in 1945. To learn more about how TechM can partner with you to meet your scale and speed requirements, please visit https://techmahindra.com.
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, which are subject to risks and uncertainties and which are subject to the safeties of Section 27A of the Securities Act of 1933. This is done in accordance with the Harbor Regulations. and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements typically include words such as “aim,” “believe,” “may,” “will,” “intend,” “evolve,” “expect,” “should,” ” Accompanied by words such as “will'' and “plan.'' “anticipate”, “may”, “progress”, “likely”, “seek”, “future”, “outlook” and statements that predict or indicate future events or trends or that are historical. Not a similar expression. These forward-looking statements include, but are not limited to, statements regarding the anticipated interest by telecommunications companies in our products and the ability of our technology to transform the telecommunications industry. These statements are based on Zapata AI management's current expectations and are not predictive of actual performance. The inclusion of forward-looking statements should not be considered a representation that any such plans, estimates or expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. These statements speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. Risks and uncertainties that could cause our actual results to differ materially from those described in the forward-looking statements include, but are not limited to: (i) the inability to realize the expected benefits from the business combination; (ii) our ability to successfully market and deploy our generative AI solutions to telecommunications companies; (iii) a decline in the price of our securities if we fail to meet the expectations of investors or securities analysts; (iv) our ability to attract new customers, retain existing customers and grow; Competition in the generative AI industry. (v) our ability to raise additional capital on non-dilutive terms or at all; (vi) our ability to improve our operational, financial and administrative controls; (vii) our failure to maintain and increase awareness of our brand; (viii) increased costs associated with operating as a public company; (ix) Protection of Property Rights. intellectual property infringement, data protection or other losses; (x) other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission;
contact address:
For Zapata AI
Media: press@zapata.ai
Investors: investors@zapata.ai
For Tech Mahindra
abhilasha gupta
Abhilasha.Gupta@TechMahindra.com; media.relations@techmahindra.com
