Elon Musk's xAI is paying Telegram $300 million to adopt Grok
Elon Musk's xAI is paying the messaging platform Telegram a cool $300 million to introduce the chatbot Grok to its users. The terms of the deal are extremely favorable to Telegram, as the $300 million only covers a single year and xAI will evenly split any subscription sales to Grok Premium and Premium+ with the messaging platform. Telegram will be paid in both cash and equity. Telegram and xAI have agreed to a 1-year partnership to distribute Grok to Telegram’s billion+ users and integrate it into its apps. Telegram will receive $300M in cash and equity from xAI, plus 50% of revenue from xAI subscriptions sold via Telegram. Together, we win! ❤️
Elon Musk's xAI is paying the messaging platform Telegram a cool $300 million to introduce the chatbot Grok to its users. The terms of the deal are extremely favorable to Telegram, as the $300 million only covers a single year and xAI will evenly split any subscription sales to Grok Premium and Premium+ with the messaging platform. Telegram will be paid in both cash and equity.
Telegram and xAI have agreed to a 1-year partnership to distribute Grok to Telegram’s billion+ users and integrate it into its apps. Telegram will receive $300M in cash and equity from xAI, plus 50% of revenue from xAI subscriptions sold via Telegram. Together, we win! ❤️
