Now Reading: Pavel Durov Confirms xAI Deal is Still ‘Pending’
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Pavel Durov Confirms xAI Deal is Still ‘Pending’
Telegram and X haven’t but truly signed a deal that may convey xAI’s Grok to Telegram, regardless of Telegram’s Pavel Durov saying it earlier Wednesday, placing promote stress on TON’s latest rally.
The deal would see Telegram obtain 50% of the income from xAI subscriptions offered through its platform, together with $300 million in money and fairness because the messaging big seems to be to lift $1.5 billion through a bond providing backed by BlackRock, Mubadala, and Citadel, CoinDesk beforehand reported.
🔥 This summer season, Telegram customers will acquire entry to the very best AI know-how in the marketplace. @elonmusk and I’ve agreed to a 1-year partnership to convey xAI’s @grok to our billion+ customers and combine it throughout all Telegram apps 🤝
💪 This additionally strengthens Telegram’s monetary… pic.twitter.com/ZPK550AyRV
— Pavel Durov (@durov) May 28, 2025
“No deal has been signed,” xAI CEO Elon Musk posted late Wednesday in response to the Telegram founder’s announcement.
TON, a token related to Telegram, dropped from $3.60 to $3.28 within the moments after the tweet. The token had been on a rally within the hours after the announcement, beforehand up 14% on-day, in accordance with CoinDesk market knowledge.
Telegram’s Pavel Durov later posted on X that Musk’s assertion was true.
“Agreed in principle, but formalities are pending,” he wrote.
UPDATE (May 28, 23:17 UTC) Updates value data, assertion from Durov.
