The Telegram instant messaging application has signed an agreement with the Elon Musk XAI to integrate the Grok AI service into the application.
The founder of Telegram, Pavel Durov, revealed on X, that the two companies agreed from a 1 year partnership which would see Telegram receiving $ 300 million in cash and capital of XAI, in addition to 50% of the income of the XAI subscriptions sold via Telegram.
“Together, we win!” Durov wrote.
The agreement occurs while Telegram seeks to raise $ 1.5 billion via an obligation of obligation supported by BlackRock, Mubadala and Citadel. The increase in the increase will be used to buy the debt from the previous emission of Telegram obligations in 2021.
The messaging giant has 1 billion customers and declared a profit of $ 540 million on $ 1.4 billion in revenues in 2024.
The tone token, the native token of the Ton network which has been developed by Telegram, is now up 18.5% in the last 24 hours after starting to rise two hours before the announcement.
This decision continued after the announcement, going from $ 3.28 to $ 3.55.
Update (May 28, 12:38 UTC): Add details on $ 1.5 billion telegrams in increase and an additional context.
