{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64d53bc8af8fd800117b9642/683794c82780b226c7d93bfe?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Telegram to get $300 mn in partnership with Musk's xAI","description":"<p>In exchange for implementing Grok across its platforms, Telegram will receive $300 million in cash and equity, plus 50 percent of the revenue from xAI subscriptions sold via Telegram, Telegram's chief Pavel Durov announced on X, the former Twitter.</p><p><br></p><p>Grok will be accessible on Telegram this summer, Durov said.</p><p><br></p><p>The terms of the deal may appear unbalanced, but the transaction allows xAI, which in late March acquired Musk's X platform, to have access to Telegram's customers, which Durov estimated has more than one billion users.</p><p><br></p><p>Generative AI businesses have been aiming to grow their user base in order to recover revenues after huge investments in the state-of-the-art technology.</p><p><br></p><p>xAI in February released the latest version of its chatbot, Grok 3, which the billionaire hopes will find traction in a highly competitive sector contested by the likes of ChatGPT and China's DeepSeek.</p><p><br></p><p>Grok 3 is also going up against OpenAI's chatbot, ChatGPT -- pitting Musk against collaborator-turned-arch rival Sam Altman.</p><p><br></p><p>Grok is accessible on the X platform, but with limitations on non-paying users. The premium service costs $40 per month, or $395 per year.</p><p><br></p><p>Durov has faced judicial action in France after clashing with French authorities over illegal content on his popular messaging service, including claims that France interfered in Romanian elections.</p>","author_name":"Daily SumUp"}