Telegram has signed a $ 300m deal with Elon Musk’s Xai to include Grok AI in messaging its app
The Instant Messaging App Telegram has signed a deal with Elon Musk’s Xai to include Grok AI service inside the app.
Telegram founder Pavel Durov, revealed in xThat the two companies agreed with a 1-year collaboration to see the Telegram receiving $ 300 million cash and equity from Xai, in addition to 50% of income from Xai subscriptions sold via Telegram.
“Damn it, we won!” Durov wrote.
The deal will come while the telegram looks Raise $ 1.5 billion Through a bond offer supported by the preferences of Blackrock, Mubado, and Citadel. The proceeds of the increase will be used to re -buy the debt from the previous issue of the Telegram bond in 2021.
Messaging Giant has 1 billion customers and reported a $ 540 million income to $ 1.4 billion income in 2024.
The ton token, the native token of ton network developed by the Telegram, was up to 18.5% in the past 24 hours after starting two hours before the announcement was made.
The move continued after the announcement, rising from $ 3.28 to $ 3.55.
Read more: Telegram to raise $ 1.5B by selling a bond supported by BlackRock and Citadel: WSJ
UPDATE (May 28, 12:38 UTC): Adds the details of Telegrams $ 1.5 billion increase and further context.
