Telegram has announced a significant partnership with Elon Musk's xAI to integrate the Grok AI service into its messaging app. The deal involves a $300 million investment in cash and equity from xAI, along with a commitment to split 50% of revenues generated from Grok AI subscriptions sold through Telegram. Following this announcement, the TON token associated with Telegram saw an impressive 18.5% surge. This partnership aligns with Telegram's efforts to raise $1.5 billion through a bond offering backed by major investors, to restructure its debt and bolster financial stability.
Telegram's partnership with xAI signifies a pivotal moment in the AI communications space, allowing for a substantial financial investment and shared revenue opportunities.
The integration of Grok AI will not only enhance the app's capabilities but also contribute to Telegram's financial growth as it heads towards a bond offering.
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