Telegram has just sealed a groundbreaking partnership with xAI, Elon Musk's artificial intelligence company. This collaboration will integrate Grok, the cutting-edge AI assistant, directly into the messaging app. The market has already responded with a remarkable 14% increase in the TON token price.
Telegram, the rapidly growing messaging application, has secured a $300 million deal with xAI, Elon Musk’s AI company. This strategic partnership involves integrating Grok, xAI’s cutting-edge AI assistant, directly into the Telegram application.
Under the agreement, Telegram will not only receive $300 million in cash and stocks. But will also benefit from 50% of the revenues generated by Grok subscriptions sold through its platform. An additional welcome source of income for the messaging giant, aiming to raise $1.5 billion through a bond issuance.
“Together, we win!” stated Pavel Durov, the founder of Telegram, on the X social network. This alliance indeed allows both companies to leverage their strengths to provide users of Telegram with cutting-edge AI experience.
The news had an immediate impact on the price of the Toncoin (TON) token, the native cryptocurrency of the network developed by Telegram. It surged by 14.2% in just 24 hours, jumping from $2.99 to $3.42.
Interestingly, the price increase started two hours before the official announcement, suggesting that some investors were already aware of the agreement. Following the public announcement, the token continued its ascent, reflecting the market’s enthusiasm for this strategic alliance.
With 1 billion users and solid financial results ($540 million profits in 2024), Telegram has a prime installed base to promote Grok’s adoption. This integration is expected to breathe new life into the TON network and its associated token.
The partnership between Telegram and xAI marks a significant step for the crypto and AI ecosystem. By integrating Grok, Elon Musk’s cutting-edge AI assistant, Telegram enhances its offering and positions itself as a key player in the convergence of instant messaging and artificial intelligence.
Beyond immediate financial benefits, this alliance is also expected to boost TON network adoption and elevate the value of its associated token in the long run. An opportunity worth monitoring closely for savvy crypto investors.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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