Telegram to get $300 mn in partnership with Musk's xAI
TDT | New York
Telegram established a partnership with Elon Musk's xAI to provide the Grok generative artificial intelligence program on the messaging service for one year, Telegram's CEO announced yesterday.
In exchange for implementing Grok across its platforms, Telegram will receive $300 million in cash and equity, plus 50 percent of the revenue from xAI subscriptions sold via Telegram, Telegram's chief Pavel Durov announced on X, the former Twitter.
Grok will be accessible on Telegram this summer, Durov said. The terms of the deal may appear unbalanced, but the transaction allows xAI, which in late March acquired Musk's X platform, to have access to Telegram's customers, which Durov estimated has more than one billion users.
Generative AI businesses have been aiming to grow their user base in order to recover revenues after huge investments in the stateof-the-art technology. Grok 3 is also going up against OpenAI's chatbot, ChatGPT -- pitting Musk against collaborator-turned-arch rival Sam Altman.
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TDT | New York Telegram established a partnership with Elon Musk's xAI to provide the Grok generative artificial intelligence program on the messaging service for one year, Telegram's CEO announced yesterday. In exchange for implementing Grok across its platforms, Telegram will receive $300 million in cash and equity, plus 50 percent of the revenue from xAI subscriptions sold via Telegram, Telegram's chief Pavel Durov announced on X, the former Twitter. Grok will be accessible on Telegram this summer, Durov said. The terms of the deal may appear unbalanced, but the transaction allows xAI, which in late March acquired Musk's X platform, to have access to Telegram's customers, which Durov estimated has more than one billion users. Generative AI businesses have been aiming to grow their user base in order to recover revenues after huge investments in the stateof-the-art technology. Grok 3 is also going up against OpenAI's chatbot, ChatGPT -- pitting Musk against collaborator-turned-arch rival Sam Altman.
