Despite generating $5.2 million in revenue in 2022 and being on track to outpace its 2023 revenue, Zapata reported a loss of $23.4 million from operations in 2022. The company competes with AI companies like Anthropic and Cohere, and also with tech giants like Fujitsu, Google, IBM, Meta, and Microsoft, which are also exploring the use of quantum physics for generative AI. Zapata's services can be used as a cloud service or as software in a data center, but typically require consultant services for setup.
Key takeaways:
- Zapata, an AI startup from Harvard, uses quantum physics math to create AI models that require significantly less training data, making it a more cost-effective and energy-efficient alternative to traditional transformer tech.
- Andretti Global, a car racing company, has become a believer in Zapata's technology, using it to predict things like tire degradation, and is taking Zapata public via a SPAC.
- Zapata competes with AI companies like Anthropic and Cohere, and also with tech giants like Fujitsu, Google, IBM, Meta, and Microsoft who are exploring the use of quantum physics for generative AI.
- Despite its cost and energy efficiency, Zapata's technology is not a cheap, DIY option. Companies typically need to hire Zapata consultant services to set up the technology, either as a cloud service or as software that runs in their own data center.