What to know:
- Telegram has decided to play nice with Elon Musk’s xAI, integrating the Grok AI service into its app. Because why not? 🤷♂️
- The deal is a whopping $300 million cash and equity investment from xAI, plus a 50% slice of subscription revenue. Talk about a generous gift! 🎁
- In a twist of fate, the TON token, Telegram’s pride and joy, skyrocketed by 18.5% after the news broke. Who knew money could grow on trees? 🌳💸
In a world where instant messaging reigns supreme, Telegram has signed a deal with the enigmatic Elon Musk’s xAI to weave the Grok AI service into its digital tapestry.
Pavel Durov, the mastermind behind Telegram, took to X to announce this one-year partnership, which promises a delightful $300 million in cash and equity from xAI, along with half of the revenue from xAI subscriptions sold through Telegram. Because sharing is caring, right? 🤝
“Together, we win!” Durov proclaimed, probably while doing a little victory dance. 💃
This deal comes as Telegram seeks to raise a staggering $1.5 billion through a bond offering, with backing from the financial titans like BlackRock, Mubadala, and Citadel. The funds will be used to buy back debt from Telegram’s previous bond issuance in 2021. Because who doesn’t love a good financial makeover? 💄
The messaging behemoth boasts a billion users and reported a jaw-dropping $540 million profit on $1.4 billion in revenue in 2024. Not too shabby, eh? 😏
The TON token, the beloved native token of the TON Network crafted by Telegram, has seen a meteoric rise of 18.5% in the last 24 hours, starting its ascent two hours before the announcement. It’s like watching a rocket launch! 🚀
The excitement didn’t stop there; the token climbed from $3.28 to $3.55. Who needs a crystal ball when you have Telegram? 🔮
UPDATE (May 28, 12:38 UTC): Adds details of Telegram’s $1.5 billion raise and additional context.
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2025-05-28 16:36