Instant messaging app Telegram has signed a deal with Elon Musk’s xAI to integrate the Grok AI service within the app.
Telegram founder Pavel Durov, revealed on X, that the two companies agreed to a 1-year partnership that would see Telegram receive $300 million in cash and equity from xAI, in addition to 50% of revenue from xAI subscriptions sold via Telegram.
“Together, we win!” Durov wrote.
The TON token, which has close links to Telegram, is now up by 18.5% over the past 24 hours after starting to surge two hours before the announcement was made.
The move continued after the announcement, rising from $3.28 to $3.55.
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