Telegram CEO Pavel Durov Claims $300 Million for Messaging App; Elon Musk Denies It

Telegram CEO Pavel Durov said the company has partnered with Elon Musk-led xAI to integrate Grok into the messaging app. As per a post Durov confirmed that Telegram will receive $300 million in cash and equity from Musk’s AI company. However, Musk has rejected such a deal. He replied to the CEO’s post stating, “No deal has been signed”.

What did the Telegram CEO say on X?

He wrote on X, “This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAI’s @grok to our billion+ users and integrate it across all Telegram apps”.

“This also strengthens Telegram’s financial position: we will receive $300M in cash and equity from xAI, plus 50% of the revenue from xAI subscriptions sold via Telegram. Together, we win,” he added.

Musk responded to his post, saying “No deal has been signed”.

Telegram's CEO later agreed with Musk, saying “True. Agreed in principle, but formalities are pending.”

The deal is set to receive a go-ahead in the future. Once approved, It will facilitate Telegram users to use Grok’s AI features directly within the app. Notably, the partnership will enable xAI to expand the usage of Grok beyond Musk’s social media platform X, thereby increasing its popularity and business.