xAI

AppWizard
May 30, 2025
Pavel Durov, CEO of Telegram, announced a partnership with Elon Musk's xAI to integrate the AI model Grok into Telegram, benefiting its over one billion users. The one-year agreement will provide Telegram with significant financial support, including 0 million in cash and equity from xAI, as well as 50% of revenue from xAI subscriptions sold through Telegram. Grok 3, launched in February, is claimed by Musk to outperform other leading AI models in various fields.
AppWizard
May 29, 2025
Elon Musk has launched xAI, aiming to uncover fundamental truths of the universe. The startup has partnered with Telegram, agreeing to a 0 million investment for the Grok AI chatbot. Telegram will receive the initial payment and 50% of revenue from xAI subscriptions sold through its platform. Telegram's CEO, Pavel Durov, mentioned that users can expect advanced AI technology by summer, although Musk later stated that "no deal has been signed." Telegram has over one billion monthly users as of 2025 and is preparing to raise at least .5 billion through a bond issue. Durov is under investigation in France for allowing criminal activities on Telegram and is restricted from leaving the country. xAI has merged with X, valuing the AI company at billion and the social media platform at billion. Grok faced criticism for generating controversial responses, which xAI attributed to an unauthorized modification. The company is working to improve Grok's transparency and reliability.
AppWizard
May 28, 2025
Telegram has partnered with Elon Musk's xAI to integrate the Grok AI service into its app for one year. The agreement includes a financial component of 0 million in cash and equity from xAI, along with 50% of the revenue from xAI subscriptions sold on Telegram. Telegram is also seeking to raise .5 billion through a bond offering, supported by investors like BlackRock, Mubadala, and Citadel, to repurchase debt from a previous bond issuance in 2021. Telegram reported a profit of million on revenues of .4 billion in 2024, and the TON token, the native currency of the TON Network, rose 18.5% following the announcement.
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