CXApp welcomes "great prosperity"! Reaches a multi-million dollar agreement with Google Cloud, with pre-market stock price soaring over 60%

According to the Zhītōng Finance APP, on Monday, Eastern Time in the United States, the well-known American mobile office experience platform CXApp (CXAI.US) signed a cooperation agreement worth millions of dollars with the global cloud service giant Google Cloud. Currently, CXApp's quarterly sales are only around $1.7 million. In pre-market trading on Tuesday, stimulated by the above news, CXApp's stock price surged by over 90% at one point, skyrocketing over 60% as of the time of writing to $2.460 per share.

It is understood that this latest agreement between Google Cloud and CXApp involves the development and delivery of cutting-edge 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 revolutionary shift towards AI-centric innovation in the global workplace.

"Given the momentum we see in the market with our customers and the upcoming enhanced products, including our AI-based analytics platform CXAI VU, the agreement with Google Cloud allows us to deliver on our promises to customers. We are very excited about this partnership as it provides us with all the latest Google AI innovation technology, which we plan to use to fundamentally transform the workplace market and provide employees worldwide with amazing experiences," said Khurram Sheikh, Chairman and CEO of the company.

Public information shows that CXApp Inc. is a technology company focused on enhancing the employee workplace experience and providing an AI-based SaaS platform. Through its "Work SuperApp" platform, the company integrates customer experience with AI technology to help enterprises create more intuitive and efficient work environments. CXApp's clients include global Fortune 500 companies in the technology, financial services, healthcare, and other sectors.

The main reason for the recent strategic partnership between Google Cloud and CXApp may lie in the high alignment of the two companies' strategic visions for global workplace transformation. Specifically, CXApp will leverage Google Cloud's generative AI large models and cloud computing infrastructure, among other key AI technologies, to develop and expand its AI-native applications and analytical capabilities. This collaboration will help CXApp enhance the functionality of its platform and bring its innovative solutions to a wider customer base.

Through the partnership with Google Cloud, CXApp not only gains access to the most advanced AI technology globally but also leverages Google Cloud's customer base and marketing resources to expand its market share. This collaboration enables CXApp to occupy a more favorable position in the rapidly growing digital workplace transformation market.

CXApp's flagship platform, the "Work SuperApp" platform, 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, streamlining their workflow, improving work efficiency. The platform also integrates a variety of innovative generative AI applications to help employees with in-depth analysis and operational decision support These applications can provide employees with real-time insights to help them complete their work faster, more accurately, and more efficiently