xElon Musk's xAI is paying Telegram $300 million to introduce its AI chatbot Grok to users.
Telegram will receive $300 million in cash and equity from xAI, along with 50% of revenue from xAI subscriptions sold via Telegram.
This partnership strengthens Telegram's financial position and provides access to xAI's technology for its billion+ users.
Despite the deal, Telegram is facing privacy concerns and operational challenges, including an ongoing French investigation into criminal activities on its platform.