Releases Details

Cao was selected for his critical role in elevating the company’s technology platform, AI capabilities and patent portfolio as well as for making a positive impact on the Boston community

BOSTON – August 29, 2024 – Zapata Computing Holdings Inc. ("Zapata AI") (Nasdaq: ZPTA), a leading provider of industrial-grade software for enterprise AI, is pleased to announce that its Chief Technology Officer Yudong Cao was named one of the Boston Business Journal’s 2024 40 under 40 honorees. Cao, who was selected from a list of nearly 300 candidates, stood out for his role in co-founding Zapata AI and helping it go public as well as for playing a leading part in elevating the company’s technology platform, AI capabilities and patent portfolio all while contributing positively to the Boston community via his civic efforts.

“We are thrilled for Yudong and appreciate that Boston Business Journal recognized his significant contributions to our company and the fundamental role he will play in helping us reach even greater heights through the continued enhancement and refinement of our product offering,” stated Christopher Savoie, Co-Founder and CEO of Zapata AI. “Yudong is one of the brightest minds in our industry, blending a deep research background with a strong understanding of quantum and AI, and we are very fortunate to have him on our side. I am very proud of him for all he has helped us accomplish thus far and have no doubt that this recognition will only add fuel to his passion for growing Zapata AI and accelerating the adoption and impact of AI and quantum computing across sectors and society.”

Cao, who co-founded Zapata AI in 2017 alongside Savoie and four other distinguished researchers and scientists, has helped Zapata AI become a market leader in the world of quantum-enhanced generative AI and build an extensive patent portfolio for industrial generative AI and other advanced enterprise computing algorithms. His leadership of Zapata AI’s research team has allowed the company to develop and deploy industrial generative AI software that delivers scientific and computational advantages to enterprises around the world. Moreover, the research paper he collaborated on with Insilico Medicine and the University of Toronto demonstrated a pivotal breakthrough in drug discovery using a quantum computer to generate viable cancer drug candidates.  

Cao stated, “It is an honor to be named one of Boston Business Journal’s 40 Under 40 honorees. I know the selection pool was quite deep and impressive, so for the committee to select me based on my career accomplishments and civic contributions was quite meaningful. That said, this would not have been possible without the high-quality team we have assembled at Zapata AI. We all are aligned in our mission to leverage the power of quantum and AI to disrupt industries, and I truly believe we are just scratching the surface of what we can accomplish and that the best is yet to come.”

In addition to his role at Zapata, Cao is a highly-coveted speaker on the intersection of quantum and AI, especially amongst prestigious universities in the Boston area, and is actively involved with MIT’s Industrial Liaison Program and MIT Startup Exchange. What’s more he is one of five people at Purdue University since 1990 to have achieved a PhD in computer science in just three years, despite having no knowledge of the field whatsoever prior to starting graduate school.

“We are so proud to be able to recognize outstanding young leaders like Yudong,” stated Carolyn M. Jones, Market President and Publisher for Boston Business Journal. “It inspires confidence in the long-term growth and innovation in our community”.  

To see a list of all 2024 of Boston Business Journal’s 40 Under 40 honorees, please click here. Cao will be featured in a special supplement of the Boston Business Journal this fall.

About Zapata

Zapata AI (NASDAQ: ZPTA) helps large enterprise and government agencies unlock the promise of AI with industrial-grade enterprise AI solutions powered by Orquestra®, a proprietary software platform that speeds up the Model Development Lifecycle (MDLC). We use ensembles of specialized models and innovative quantum mathematics to deliver real-time, actionable insights across industries such as defense, manufacturing, automotive and finance. Our solutions excel in high-stakes scenarios where immediate, accurate decision-making is crucial, ensuring our clients maintain a competitive edge in rapidly changing environments. Founded in 2017 and headquartered in Boston, Massachusetts, with offices worldwide, Zapata AI holds one of the largest patent libraries for enterprise AI and quantum computing.

For more information on Zapata AI, visit our website or follow us on LinkedIn or X.

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. These forward-looking statements include, but are not limited to, statements regarding anticipated interest by telecommunication companies in our offerings and the ability of our 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. 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. The Company undertakes no 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 our 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) 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 management controls; (vii) failure to maintain and enhance awareness of our 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 our filings with the Securities and Exchange Commission.

Contacts:

For Zapata AI
Media: press@zapata.ai
Investors: investors@zapata.ai