Telegram Signs $300M Deal With Elon Musk's xAI to Integrate Grok Into Its Messaging App, TON up 16%

Telegram is set to integrate the Grok AI service from Elon Musk's xAI after signing a year-long partnership deal worth $300 million. Founder Pavel Durov announced the collaboration on X, highlighting a shared revenue model from xAI subscriptions sold through Telegram. This move coincides with Telegram's strategy to raise $1.5 billion via a bond offering, backed by prominent investors. Notably, the platform has surpassed 1 billion users and reported significant profits in 2024, while its native TON token has seen a substantial price surge recently. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk