CXApp Inc. (NASDAQ:CXAI) shares are trading higher Wednesday after the company announced record double digit Annual Recurring Revenue (ARR) growth in the fourth quarter of 2023 and 24% ARR growth for the full year 2023. The Details: The company also announced it is rebranding to CXAI, pronounced “sky.” CXAI stated the rebranding signifies a shift towards an AI-centric approach in workplace innovation. CXAI attributed the ARR growth to two large Fortune 1000 logo contracts in the fourth quarter that are slated for deployment in the summer of 2024, leveraging the CXAI platform and in partnership with Google Cloud. CXAI ...