- Pavel Durov claimed a $300M xAI-telegram deal.
- Musk refuted having a signed agreement.
- Toncoin’s price was highly volatile.
Elon Musk, CEO of xAI, dismissed reports of a concluded agreement with Telegram on May 30, sparking confusion over Grok’s integration claims.
Conflicting Statements
Pavel Durov outlined a tentative understanding involving significant cash and equity offerings, declaring:
“We will receive $300M in cash and equity from xAI, plus 50 percent of the revenue from xAI subscriptions sold via Telegram” — Pavel Durov, CEO, Telegram.
Both parties are integral to ongoing technological dialogues, involving Telegram’s exploration of artificial intelligence enhancements.
Market Reactions
Financial implications revolve around the proposed $300M deal, which remains unmaterialized. Stakeholders are left assessing potential collaborations that involve high-profile tech leaders with substantial market sway.
History shows that public announcements like this trigger substantial market movements.
This episode underscores the speculative nature of pre-confirmed agreements and trends observed in cryptocurrency markets. The resolution remains pending further discussions between the companies.
