
One of the 'most-controversial' messaging app gets $300 million from Elon Musk: Here's what the deal is all about
Telegram CEO Pavel Durov
Telegram
CEO Pavel Durov announced a partnership with
Elon Musk
's AI company
xAI
to bring the AI chatbot Grok to its more than 1 billion users. Durov announced the deal on X (formerly Twitter), saying the integration will happen this summer. 'This summer, Telegram users will get access to the best AI technology on the market,' Durov wrote. '@elonmusk and I have agreed to a 1-year partnership to bring xAI's @grok to our billion+ users and integrate it across all Telegram apps,' he added.
Telegram to get $300 million from Musk-owned xAI
As part of the one-year partnership, Telegram will receive $300 million in cash and shares from xAI, Durov revealed. The messaging app will also get half of the money made from Grok subscriptions sold through Telegram.
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Durov said the deal will help Telegram's finances and create new ways to earn revenue. 'Together, we win,' he added.
This move will allow Telegram users to use Grok's AI features directly within the app. The partnership comes as xAI looks to expand Grok beyond Musk's social media platform X, aiming to reach more users and grow its business.
When a user asked 'Will any telegram data be provided for training as a part of the deal?', Pavel replied saying 'No, this has not been discussed.'
Here's what Telegram CEO Pavel Durov wrote
In the X post, Durov wrote:
'This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAI's @grok to our billion+ users and integrate it across all Telegram apps.
This also strengthens Telegram's financial position: we will receive $300M in cash and equity from xAI, plus 50% of the revenue from xAI subscriptions sold via Telegram. Together, we win.'
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Time of India
28 minutes ago
- Time of India
End of the Musk-Trump era: From Silicon Valley disruptor to DOGE head, how Musk's legacy shaped Trump 2.0
When Elon Musk arrived in Washington to join the Trump administration, he brought the energy of a Silicon Valley disruptor armed with a chain saw and the confidence of someone who had never failed to shake up an industry. From Cabinet meetings in a 'tech support' shirt and MAGA hat to lounging in the Lincoln Bedroom after a tub of caramel ice cream, Musk stormed into the federal government with bold ideas, sweeping power, and a $250 million campaign donation. Now, just months later, Musk is out — leaving behind what the Associated Press calls 'upheaval and unmet expectations,' as the self-styled savior of government efficiency exits with little to show and much damage left behind. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Musk's departure as a senior adviser, announced earlier this week, comes amid his decision to halt political donations and criticize the cornerstone of Trump's legislative agenda. His exit caps a whirlwind tenure marked by controversial firings, hollow cost-cutting claims, and a series of legal and bureaucratic setbacks. As Trump said Thursday on Truth Social, Musk's 'last day' is here, but he 'will, always, be with us, helping all the way.' A powerful entry, an underwhelming legacy Musk's tenure began with extraordinary access and influence. President Trump called him 'a smart guy' who 'really cares for our country.' Democrats, meanwhile, derisively dubbed him the 'co-president.' Musk's campaign-era promise of a Department of Government Efficiency (DOGE) became reality, backed by his enormous financial support and proximity to the Oval Office. Live Events He populated DOGE with software engineers and data experts who were embedded inside sensitive federal systems, alarming career civil servants. Some resigned rather than comply with Musk's directives. A plan requiring every federal worker to email five accomplishments each week under threat of dismissal was one of many initiatives that ultimately fizzled out. 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Even as Musk talked of existential threats and government waste, his behavior in the White House often veered toward spectacle. He turned the driveway into a Tesla showroom, brought children to diplomatic meetings, and installed a giant screen in his office for video games. His comments about the experience — like joking about DOGE as an internet meme — underscored what many saw as a cavalier attitude toward public service. Trump, unbothered by concerns over Musk's inexperience or conflicts of interest related to government contracts, reportedly welcomed the chaos, even inviting Musk to sleep over at the White House. Musk's anecdotes of late-night treats and spontaneous decisions painted a portrait of an administration governed as much by whimsy as policy. An unpopular visionary Musk's popularity suffered as his promises failed to materialize. According to an Associated Press-NORC poll, just 33% of U.S. adults viewed him favorably in April, down from 41% in December. 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Institutional knowledge in key areas — like food safety, public health, and environmental protection — has been depleted. Even once-obscure corners of government felt the tremors of Musk's brief reign. But while the dust settles on his turbulent tenure, the broader consequences of his actions — from humanitarian setbacks abroad to regulatory breakdowns at home — may linger long after his final day. And though Trump insists that Musk 'will, always, be with us,' the reality, as AP reports, is that the tech billionaire leaves behind a government still reeling from his disruption, and far from the efficient machine he promised to deliver.


Time of India
35 minutes ago
- Time of India
Bullish on private banks; 3 stocks to bet on: Rajat Sharma
Rajat Sharma , Founder & CEO, Sana Securities , says he favours private banking, highlighting HDFC Bank , Axis Bank , and Federal Bank . These banks benefit from non-interest income. Sharma is also optimistic about the IT sector, noting attractive valuations for companies like Infosys and TCS . Increased spending in the US will benefit Indian IT firms. He believes these tech giants will remain core portfolio components. Which themes are looking good to you right now? What are you bullish on? Rajat Sharma: Yes, in terms of themes, clearly with it is almost a given that next week there will be a rate cut in the MPC's meeting, so banking of course is one sector that I have been bullish on for a very long time because private banking in particular has already anyways been trading fairly cheap compared to a lot of the other pockets of the market. And with RBI's meeting next week with where inflation is, it is a given that there would be a 25 bps rate cut, so that would be an additional benefit which the banking sector will get. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. But the major reason why I am bullish on banking, in particular private banking, is because the Union Budget that we had this year which increased the tax slabs and made income up to Rs 12 lakh tax-free, the benefit of that you will start seeing from the FY26 which is the financial year which has just started. So, while a lot of people are talking about consumption spending going up and discretionary spending going up, a clear beneficiary, the first beneficiary and the biggest beneficiary of this new tax policy would be banking because that is where money will come in the first place. If you talk about things that are working for the bank, the tax policies, the new tax structure is really favourable, repo rate will be revised to 5.75% so more money in the hands of the banks and over the last two-three years also tax policies have been changed in such a way that a lot of the advantage is given to mutual funds where people were taking their money from banks, particularly debt mutual funds which got indexation benefit and 20% tax post that – has been taken away. Gradually, a lot of policies have started favouring banking and I like private banking. The top picks I have in that sector would be clearly HDFC Bank and Axis Bank which also by the way get a lot of their revenue from non-interest income, another area of banking which I am really positive on, HDFC and Axis both get about 18% to 19% of their total income from fee-based income distribution of third-party products, mutual funds, the AMC business, and the other bank I am bullish on is Federal Bank. Live Events You Might Also Like: CA Rudramurthy BV on crucial Nifty levels to watch; 2 stocks to buy So, these three banks and clearly a week before the MPC meeting banking is definitely one sector which I am really bullish on and bullish on for the next three, four, five years kind of perspective. India still remains an underbanked country. What is your view on the IT sector? Do you continue to be optimistic on that one? And also, how do you see Indian IT companies navigating the whole AI transition play? Rajat Sharma: If you look at the history of the Indian IT sector , it always trails the US IT. Whatever happens there both in terms of development and adoption to new technology whether it was digital around a decade back or it is AI now and also in terms of earnings and valuations, so while US tech companies have run up a lot in the last one year or so, Indian tech has been struggling mainly because there was a negative sentiment around Indian IT companies, still relying on cloud and digital and basically the legacy business of programming and not really adopting to the AI revolution. In fact, because of AI, there were a lot of job cuts which we saw at Infosys and stuff. So, my view is that they got affected because there was a curtailed spending in the US on fears of a recession in US markets on account of Trump's tariffs policies or whatever. Now US and European companies have started spending more, a trend which we have started seeing and given where Indian IT companies are, the large IT companies, Infosys and TCS and Coforge and Mphasis a lot of these companies will benefit from increased spending in the US. I was looking at Infosys, the dividend yield is almost close to 2.75%. For tech companies to be trading at 22-24 kind of price to earnings multiple is a very attractive level to buy. These companies are not going anywhere. They are, were, and will always be part of the core portfolio in India. They will be part of Nifty for all times to come, as would a lot of these large tech companies. So, this is one sector which from a valuation perspective is really attractive and things should turn around for them given that the whole tariff business is behind us and there is no fear of a recession in the US as much as there was some time back. 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Time of India
35 minutes ago
- Time of India
Starship keeps blowing up, but Elon Musk still wants to send it to Mars by 2026
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Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Simulated crews, big ambitions The 2026 mission won't carry humans. Instead, it will feature a simulated crew made up of robots designed in the Optimus humanoid format by Tesla. The first human missions could follow in the second or third landings, Musk said. Eventually, SpaceX plans to launch 1,000 to 2,000 ships to Mars every two years. The aim is to rapidly establish a permanent, self-sustaining human colony. Live Events Musk said: 'The goal is to make life multiplanetary.' He has long called for a stronger focus on human spaceflight to Mars, and this timeline marks his most concrete pitch yet after previously proposing an uncrewed mission in 2018 and a human mission by 2024—both of which were delayed. Starship's rocky test record The announcement comes just days after the latest in a string of failed test flights. On Tuesday, SpaceX attempted the ninth test flight of the Starship-Super Heavy rocket system from its Starbase site in Texas. The mission ended in failure when the craft lost control and exploded about 30 minutes after launch. The first-stage Super Heavy booster detonated shortly after liftoff. Then, the upper-stage Starship suffered a fuel leak during reentry and exploded. A livestream capturing the flight was cut short. A planned presentation by Musk, titled 'The Road to Making Life Multiplanetary,' was cancelled without notice. This was the third failed test in a row. Earlier flights in January and March also ended in explosions. In those cases, the spacecraft disintegrated shortly after launch, spreading debris over parts of the Caribbean and forcing several commercial jets to reroute. 'Good data' from failure Musk remained upbeat in the aftermath. He posted on X: 'Starship made it to the scheduled ship engine cutoff, so big improvement over last flight! Also no significant loss of heat shield tiles during ascent.' But he acknowledged that 'leaks caused loss of main tank pressure during the coast and re-entry phase.' The Federal Aviation Administration (FAA) confirmed that there was no injury or property damage. 'There were no reports of public injury or damage to public property at this time,' it said in a statement. The agency is now investigating the incident with SpaceX. Faster launches, bigger stakes Musk promised to speed up testing. He said Starship would now launch every three to four weeks—a major jump from earlier timelines. Backing that ambition, the FAA has recently lifted its cap on the number of launches SpaceX can conduct from its Texas site. Previously, it was limited to just five flights a year. SpaceX said in a statement on social media: 'With a test like this, success comes from what we learn, and today's test will help us improve Starship's reliability as SpaceX seeks to make life multiplanetary.' The company also used its trademark phrase for the failure, calling it a 'rapid unscheduled disassembly.' Starship's role in NASA plans NASA has partnered with SpaceX to use Starship for its Artemis programme. The goal is to return astronauts to the Moon as early as 2027—the first such mission since the Apollo era more than 50 years ago. If successful, that mission will serve as a stepping stone for future human missions to Mars in the 2030s. While the Starship programme has made headlines for its spectacular failures, Musk has made it clear that each setback is part of a learning process. He is shifting more focus onto his companies, having recently stepped back from his role in U.S. political campaigns, saying he wants to spend more time on SpaceX and Tesla. As tests continue and deadlines approach, SpaceX faces mounting pressure to turn fiery failures into lasting success. The next 18 months will determine whether Musk's Mars vision lifts off—or gets grounded once again.