financetom
Business
financetom
/
Business
/
Google Is Boosting CXApp Stock Monday: What's Going On?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Google Is Boosting CXApp Stock Monday: What's Going On?
Apr 1, 2024 10:13 AM

CXApp Inc ( CXAI ) shares are trading higher Monday after the company announced a partnership with Alphabet Inc’s Google Cloud.

What Happened: CXApp ( CXAI ) said it signed strategic partnership and development agreements with Google Cloud as part of the launch of its CXAI Platform.

Google ( GOOG ) and its service partners will provide services including end-to-end security, analytics and monitoring as well as usage-based SaaS performance enhancements to create a strong cloud-mobile experience for CXApp ( CXAI ) clients on the new CXAI Platform.

The partnership agreements include the company’s Work SuperApp, generative AI applications and experiential analytics. Google ( GOOG ) is partnering with CXApp ( CXAI ) to help enable these applications and analytics through many of its technologies including the Vertex AI platform.

Other development agreements will focus on CXApp’s enterprise customer applications, which are mostly powered by Google Cloud, and adding the platform to Google Marketplace. Google ( GOOG ) signed a go-to-market partnership to add the CXAI application platform to its marketplace. Google ( GOOG ) teams will work with CXAI on targeting key clients and providing ideal workplace experiences.

“Our strategic partnership and development agreements with Google Cloud signify a pivotal moment in our journey. By leveraging our AI-native platform, powered by cutting-edge technology and data insights, we’re poised to be the technology leader enabling transformative workplace experiences”, said Naresh Soni, CTO of CXApp ( CXAI ).

Soni and other members of the company’s leadership team will attend Google’s Cloud Next conference, beginning on April 9. The first deployment of the CXAI Platform is expected to take place in the summer.

Check This Out: Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here’s How Much You’d Have

CXAI Price Action: CXApp ( CXAI ) shares were up 112.8% at $5.19 at the time of publication, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Reddit co-founder Alexis Ohanian joins Frank McCourt's bid for TikTok
Exclusive-Reddit co-founder Alexis Ohanian joins Frank McCourt's bid for TikTok
Mar 3, 2025
(Reuters) - Frank McCourt announced on Monday that Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's U.S. operations as a strategic adviser specializing in social media. Ohanian was an internet pioneer who founded Reddit with his roommate from the University of Virginia. He sold it to Conde Nast in 2006, then...
BRIEF-DT House Files For Offering 1.9 Million Ordinary Shares In U.S. IPO
BRIEF-DT House Files For Offering 1.9 Million Ordinary Shares In U.S. IPO
Mar 3, 2025
March 3 (Reuters) - * DT HOUSE LTD FILES FOR OFFERING 1.9 MILLION ORDINARY SHARES IN US IPO * DT HOUSE LTD - IPO PRICE EXPECTED BETWEEN $4.00 AND $5.00 PER SHARE * DT HOUSE LTD - APPLIES TO LIST ORDINARY SHARES ON NASDAQ UNDER SYMBOL 'DTDT' * DT HOUSE LTD SAYS REVERE SECURITIES LLC IS UNDERWRITER TO IPO Source...
Market Chatter: Capri Nears Deal to Sell Versace to Prada for 1.5 Billion Euros; Shares Rise Pre-Bell
Market Chatter: Capri Nears Deal to Sell Versace to Prada for 1.5 Billion Euros; Shares Rise Pre-Bell
Mar 3, 2025
06:19 AM EST, 03/03/2025 (MT Newswires) -- Capri Holdings ( CPRI ) is nearing a deal to sell Versace to Prada for nearly 1.5 billion euros ($1.56 billion), Bloomberg reported over the weekend, citing people familiar with the matter. Shares of Capri were up nearly 10% pre-bell. Initial due diligence did not identify any risks and the parties could finalize...
Amazon Web Services to Start $18.0 million AI-Powered Water Management Projects in Spain
Amazon Web Services to Start $18.0 million AI-Powered Water Management Projects in Spain
Mar 3, 2025
06:13 AM EST, 03/03/2025 (MT Newswires) -- Amazon ( AMZN ) Web Services said Monday it plans to start three new artificial intelligence-powered projects totaling 17.2 million euros ($18.0 million) to reduce flood risks to its data centers and 700,000 residents in the vicinity in Aragon, Spain. The three projects to be located in Zaragoza will include an AI-powered early-warning...
Copyright 2023-2026 - www.financetom.com All Rights Reserved