The Telegram instant messaging application has signed an agreement with the XAI of Elon Musk to integrate the Grok AI service into the application.
The founder of Telegram, Pavel Durov, revealed in X, that the two companies agreed a 1 year association that would see Telegram receive $ 300 million in cash and capital of XAI, in addition to 50% of the income of XAI subscriptions sold through Telegram.
“Together, we won!” Durov wrote.
The agreement occurs when Telegram seeks to raise $ 1.5 billion through an offer of bonds that is being backed by players such as Blackrock, Mubadala and Citadel. Increase in the increase will be used to repurchase the debt of the previous broadcast of Telegram bonds in 2021.
The messenger giant has one billion customers and reported a gain of $ 540 million with $ 1.4 billion in revenues in 2024.
The Token Ton, the native token of the Ton Network that was developed by Telegram, has now increased by 18.5% in the last 24 hours after starting to increase two hours before the announcement was made.
The measure continued after the ad, increasing from $ 3.28 to $ 3.55.
Read more: Telegram to raise $ 1.5B through the sale of bonds backed by Blackrock and Citadel: WSJ
Update (May 28, 12:38 UTC): Add details of telegrams of $ 1.5 billion of increase and additional context.
