Telegram CEO announces $300 million partnership with Elon Musk's xAI and Grok

Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Elon Musk's startup xAI is paying the Dubai-based messaging platform Telegram $300 million to roll out its Grok artificial intelligence chatbot, Telegram CEO Pavel Durov announced in a post Wednesday. Durov said he and Musk struck a yearlong partnership that "strengthens Telegram's financial position." In addition to the $300 million payment from xAI, Telegram will also earn 50% of the revenue from xAI subscriptions that are sold on the platform, according to Durov. Musk later said on X that, "No deal has been signed," but did not provide further information. "This summer, Telegram users will gain access to the best AI technology on the market," Durov wrote in his post announcing the partnership. xAI and Telegram did not immediately respond to CNBC's request for comment. ... Read full article.