Telegram and X have not yet actually signed a deal that would bring xAI’s Grok to Telegram, despite Telegram’s Pavel Durov announcing it earlier Wednesday, putting sell pressure on TON’s recent rally.
The deal would see Telegram receive 50% of the revenue from xAI subscriptions sold via its platform, along with $300 million in cash and equity as the messaging giant looks to raise $1.5 billion via a bond offering backed by various investors.
🔥 This summer, Telegram users will gain access to the best AI technology on the market. 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…
“No deal has been signed,” the CEO posted late Wednesday in response to the Telegram founder’s announcement.
TON, a token associated with Telegram, dropped from $3.60 to $3.28 in the moments after the tweet. The token had been on a rally in the hours after the announcement, previously up 14% on-day.
Telegram’s Pavel Durov later posted that the statement was true.
“Agreed in principle, but formalities are pending.”
UPDATE Updates price information, statement from Durov.
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