Overview

• Under the one-year agreement, xAI will invest $300 million in cash and equity to distribute its Grok AI chatbot through Telegram
• Telegram will receive 50% of subscription revenues generated by Grok users on its platform
• Grok’s integration will add features such as threaded chats, smart text editing, summarization tools, link previews and AI-driven sticker and avatar creation
• Grok AI access will extend to Telegram’s 1 billion monthly users by summer 2025
• Telegram is planning a $1.5 billion bond issue to strengthen its balance sheet as CEO Pavel Durov faces legal scrutiny in France