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Andretti Acquisition Corp. - $WNNR STOCK NEWS

Welcome to our dedicated page for Andretti Acquisition news (Ticker: $WNNR), a resource for investors and traders seeking the latest updates and insights on Andretti Acquisition stock.

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Rhea-AI Summary
Zapata Computing, Inc. (Zapata AI) announced that its CEO and co-founder Christopher Savoie has been appointed the 2024 Chair of the Quantum Economic Development Consortium (QED-C) Quantum Law Technical Advisory Committee (TAC). Savoie will focus on export control, intellectual property, immigration, and workforce legal issues to accelerate innovation in the quantum computing industry.
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Zapata Computing, Inc. (Zapata AI) and Sumitomo Mitsui Trust Bank, Limited (SuMiTB) collaborate to apply Industrial Generative AI to model financial time series data. The collaboration aims to leverage Zapata AI's Orquestra® platform and Sense™ suite of algorithms to simulate financial scenarios and accurately price derivatives and value adjustments.
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Zapata Computing, Inc. (Zapata AI) has been selected for the second phase of the DARPA Quantum Benchmarking program, receiving a multi-million-dollar award to develop open-source tools for high-value industrial applications of quantum computing. The company is collaborating with academic and technology partners to identify the resources required to deliver quantum applications with high utility for industrial problems.
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Zapata Computing, Inc. (Zapata AI) announces the appointment of Jon Zorio as Chief Revenue Officer. With over two decades of experience in scaling global analytics and solutions companies, Zorio will lead efforts to accelerate revenue growth and expand enterprise sales and partner relationships. His focus will be on driving customer and partner acquisition for the company's Industrial Generative AI offerings, targeting industries such as Financial Services, Manufacturing, Logistics/3PL, Biotech/Pharma, Automotive, and Energy. Zapata AI's Prose and Sense solutions address common challenges faced by enterprises when solving industrial-scale problems with computational solutions.
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Zapata AI announces Dalbir Singh as Chief People Officer to help the company meet growing demand for generative AI solutions
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Zapata AI partners with Mila to advance generative AI research and develop quantum algorithms for enterprise applications.
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partnership AI
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SOL Global announced a business combination agreement between Andretti Acquisition and Zapata AI. SOL Global invested $3.456 million and will hold 1.208 million shares post-transaction. The pro forma equity value of the combined company is expected to be between $281 million and $365 million. The transaction is expected to close in Q1 2024. Tevva Motors also announced a proposed merger with ElectraMeccanica. SOL Global invested $14.5 million and expects both transactions to close by Q1 2024.
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Zapata AI and Andretti Acquisition Corp. have entered into a business combination agreement, valuing Zapata AI at an implied pre-money equity value of $200 million. The transaction is expected to provide up to approximately $84 million to the pro forma company's balance sheet. The combined company will be listed on the NYSE under the ticker symbol 'ZPTA'. Zapata AI's proprietary quantum techniques have the potential to revolutionize existing AI solutions. The transaction is expected to close in Q1 2024.
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Andretti Acquisition Corp. (NYSE: WNNR) has signed a non-binding letter of intent for a proposed business combination with a generative AI software company. The combination would result in a public listing of the company. The global market for AI and machine learning software is rapidly expanding, and generative AI technology has transformative applicability across various industries. Additional details will be announced when a definitive Business Combination Agreement is executed in Q3 2023.
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Andretti Acquisition Corp.

NYSE:WNNR

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