Overview

• Telegram and Elon Musk’s xAI have agreed to a one-year partnership that includes $300 million in cash and equity for the messaging platform.
• Under the agreement Telegram will receive 50% of all Grok AI subscription revenue generated through its app.
• Grok AI has been accessible to Telegram’s users since March, extending its availability beyond X and the standalone Grok application.
• Telegram is pursuing a $1.5 billion bond offering backed by BlackRock, Mubadala and Citadel to refinance its existing debt.
• The TON token climbed about 18.5% in the 24 hours following news of the integration deal.