CXApp(CXAI. Welcome the 'Heavenly Wealth and Prosperity'! Reached a multi million dollar agreement with Google Cloud, stock price skyrocketed by over 60% before trading

According to Zhitong Finance APP, on Monday Eastern Time, CXApp (CXAI. US), a well-known mobile office experience platform in the United States, signed a multi-year, multi million dollar cooperation agreement with global cloud service giant Google Cloud. In contrast, CXApp's current quarterly sales are only hovering around 1.7 million US dollars. In pre-market trading on Tuesday, stimulated by the above news, CXApp's stock price surged by over 90% at one point, and as of press time, it surged by over 60%, reaching $2.460 per share.
It is understood that this latest agreement with Google Cloud involves the development and delivery of state-of-the-art artificial intelligence infrastructure, security, and application level products. Google Cloud will also jointly invest with CXApp in the continuous deployment, monitoring, and modernization of the AI native CXAI platform. The AI native technology platform under CXAI represents a transformative shift in global workplace innovation towards an AI centric approach.
Given the momentum of collaboration we see with our customers in the market and the upcoming enhanced products, including our AI based analytics platform CXAI VU, our agreement with Google Cloud enables us to deliver on our promises to our customers. We are very excited about this partnership as it provides us with all the latest Google AI innovations that we plan to adopt to revolutionize the workplace market and provide amazing experiences for employees worldwide, "said Khurram Sheikh, Chairman and CEO of the company.
Public information shows that CXApp Inc. is a technology company focused on enhancing employee workplace experience and providing an artificial intelligence (AI) based SaaS platform. The company fully integrates customer experience and artificial intelligence technology through its "Work SuperApp" platform, helping businesses create more intuitive and efficient work environments. CXApp's clients include Fortune 500 companies in the fields of technology, financial services, healthcare, and more.
The main reason why Google Cloud has recently established a strategic partnership with CXApp may be that the two companies' strategic visions for global workplace transformation are highly aligned. Specifically, CXApp will leverage important AI technologies such as Google Cloud's generative AI models and cloud computing infrastructure to develop and expand its AI native applications and analytical capabilities. This collaboration will help CXApp enhance the functionality of its platform and push its innovative solutions to a wider customer base.
Through cooperation with Google Cloud, CXApp can not only gain the support of the world's most advanced AI technology, but also expand its market share by leveraging Google Cloud's customer base and marketing resources. This collaboration enables CXApp to occupy a more advantageous position in the rapidly developing digital workplace transformation market.
The flagship platform "Work SuperApp" under CXApp provides a unified interface for global employees to access and manage various work tools. Through this application, employees can seamlessly complete multiple tasks on one platform, simplifying their workflow and improving work efficiency. The platform also integrates various innovative generative AI applications to help employees conduct in-depth analysis and business decision support. These applications can provide employees with real-time insights, helping them complete their work faster, more accurately, and efficiently.