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3mo ago

Elon Musk Denies Signed Pact in Telegram’s $300M Grok AI Deal

Telegram says the Grok AI integration is agreed in principle under a $300 million revenue-sharing pact, with formal signatures still pending for a planned summer launch.

Status of a $300 million partnership between xAI and Telegram remains unclear as Elon Musk refutes that any deal has been signed.
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Grok Telegram
Grok will be accessible on Telegram by the summer, the social platform's CEO said

Overview

  • Elon Musk posted on X that “No deal has been signed” after Telegram CEO Pavel Durov announced the Grok AI partnership.
  • Pavel Durov responded that Telegram and xAI have a one-year agreement in principle for Grok integration, with legal formalities yet to be completed.
  • The proposed deal would provide Telegram with $300 million in cash and equity plus 50% of revenue from Grok subscriptions sold through the app.
  • Grok is due to be embedded across Telegram’s platforms this summer, offering features like chat summarization, AI-powered stickers and search-bar access.
  • Telegram, which has topped 1 billion monthly users, is in the midst of a $1.5 billion bond issue aimed at bolstering its financial position ahead of the AI rollout.