Instant Messaging App Telegram has signed an appointment with Elon Musk’s Xai to integrate the GROK AI service into the app.
Telegram founder Pavel Durov, revealed at X that the two companies agreed on a 1-year partnership that would see Telegram receive $ 300 million in cash and equity from XAI, in addition to 50% of the Xai subscription revenue sold via telegram.
“Together we win!” Durov wrote.
The deal is coming as Telegram seems to collect $ 1.5 billion via a bond offering supported by them such as Blackrock, Mubadala and Citadel. The revenue from the increase will be used to repurchase debt from Telegram’s previous bond issue in 2021.
The Messaging giant has 1 billion customers and reported a $ 540 million profit of $ 1.4 billion in revenue in 2024.
The ton -token, the native token of the tonnes developed by telegram, has now risen by 18.5% over the last 24 hours after starting to rise two hours before the announcement was published.
The move continued after the message and rose from $ 3.28 to $ 3.55.
Update (May 28, 12:38 UTC): Adds details of telegrams 1.5 billion dollars increase and additional context.
