Telegram to get $300 mn in partnership with Musk's xAI
In exchange for implementing Grok across its platforms, Telegram will receive $300 million in cash and equity, plus 50 percent of the revenue from xAI subscriptions sold via Telegram, Telegram's chief Pavel Durov announced on X, the former Twitter.Grok will be accessible on Telegram this summer, Durov said.The terms of the deal may appear unbalanced, but the transaction allows xAI, which in late March acquired Musk's X platform, to have access to Telegram's customers, which Durov estimated has more than one billion users.Generative AI businesses have been aiming to grow their user base in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.