Elon Musk’s AI venture xAI has reportedly agreed to pay Telegram $300 million to integrate its Grok chatbot, according to Telegram CEO Pavel Durov. The deal, announced Wednesday, includes a yearlong partnership and 50% revenue share from xAI subscriptions sold on the platform. Durov said he and Musk agreed to a one-year partnership to boost Telegram’s financial stability. Musk later stated on X that no agreement has been signed but offered no additional details. In March, Musk announced xAI merged with X in a deal valuing xAI at $80 billion and X at $33 billion.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk's AI venture, XAI, has reportedly agreed to pay Telegram $300 million to create
00:07its Grok checkbot, according to Telegram CEO, Pavel Durov. The deal announced Wednesday includes
00:12a year-long partnership and 50% revenue share from XAI subscriptions sold on the platform.
00:17Durov said he and Musk agreed to a one-year partnership to boost Telegram's financial
00:21stability. Musk later stated on X that no agreement has been signed, but offered no
00:25additional details. In March, Musk announced XAI merged with X in a deal valuing XAI,
00:30$80 billion, and X in $33 billion. For all things money, visit Benzinga.com slash GSTV.