In a regulatory filing, Zapata AI disclosed that on October 7, the board of the company approved the termination of all of the company’s employees, except for a small number of employees to be retained for a short period to administer termination of business activities, including Sumit Kapur, the company’s CFO. All such employees were terminated effective October 9. Such actions took place in connection with a planned cessation of the company’s operations. The company cannot currently estimate the charges it will incur under generally accepted accounting principles as a result of the termination of its employees.
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