Reports emerged claiming xAI and Telegram signed a one-year agreement to integrate Grok into Telegram's platform with a $300 million package and a 50% revenue share.
Elon Musk denied the reports, stating that no deal has been signed, contrary to the initial claims.
Telegram CEO Pavel Durov confirmed the agreement in principle but mentioned that formalities are pending, indicating that the deal is not yet finalized.
The situation highlights the complexities of high-stakes tech partnerships, emphasizing the significance of formal agreements, especially involving public companies and large capital sums.