Telegram Secures $300M from xAI Partnership with Elon Musk
Telegramโs $300M Deal with Elon Muskโs xAI
Telegram has partnered with Elon Muskโs xAI for a $300 million deal, bringing the AI Grok chatbot to its platform as of this summer.
Telegramโs $300M Deal with Elon Muskโs xAI
Pavel Durov, Telegramโs CEO, announced the $300 million deal with xAI, run by Elon Musk. The Grok chatbot will integrate into Telegramโs apps, enhancing AI capabilities.
Telegram and xAI have agreed to a 1-year partnership to distribute Grok to Telegramโs billion+ users and integrate it into its apps. Telegram will receive $300M in cash and equity from xAI, plus 50% of revenue from xAI subscriptions sold via Telegram. Together, we win! โ Pavel Durov, CEO, Telegram
Telegram will earn cash and equity while sharing Grok subscription revenues. This introduces significant technological upgrades, leveraging Muskโs AI leadership to improve user experiences and expand Telegramโs technological reach.
Toncoin Surges 16% Post-Deal Announcement
The agreement led to Toncoinโs price increasing by 16%, highlighting optimism among investors and the Telegram community. Industry observers anticipate this partnership strengthening Telegramโs competitive edge and expanding its user base.
The partnership may improve Telegramโs financial standing with a $300 million boost and 50% revenue share, potentially increasing market interest in Telegramโs digital ecosystem. Historical data suggests such collaborations drive platform and token growth.
Exclusive Insights into AI Industry Dynamics
Past AI integrations, like OpenAI with Microsoft, have led to increased platform engagement. Telegramโs deal stands out due to the direct monetary infusion and equity structure, setting a new precedent in such partnerships.
Telegramโs collaboration, marking a first in its model, is seen as a pioneering step. Expert analysis indicates expected developer and user community engagement, likely bolstering related digital asset performance.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |