Tuesday, August 26, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Telegram’s Grok Partnership Not Signed, Musk Clarifies Amid $300M Deal Speculation

Veronicah Peninah by Veronicah Peninah
May 29, 2025
in Market, News
Reading Time: 3 mins read
Telegram’s Grok Partnership Not Signed, Musk Clarifies Amid $300M Deal Speculation
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Elon Musk confirmed no deal has been signed between xAI and Telegram for Grok integration.
  • Telegram’s Pavel Durov initially announced a 1-year partnership including $300M in cash and equity.
  • Durov later clarified that the agreement with xAI is not finalized and remains subject to pending formalities.

Elon Musk has publicly stated that no final agreement has been signed between xAI and Telegram regarding the integration of Grok, xAI’s artificial intelligence product. This clarification was issued after Telegram CEO Pavel Durov announced earlier that an agreement had already been made.

No deal has been signed

— Elon Musk (@elonmusk) May 28, 2025

Musk, CEO of xAI, countered this claim by posting: “No deal has been signed,” emphasizing that any terms discussed remain incomplete. His statement, issued late Wednesday on X, directly addressed Durov’s earlier post that described a formal partnership. The contradiction triggered immediate scrutiny as the initial announcement had indicated a binding collaboration.

Related articles

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

August 2, 2025

Telegram and xAI’s $300M Grok Deal Remains Unfinalized

According to Durov’s original message, Telegram had agreed to a one-year partnership with xAI. The plan involved integrating Grok into all Telegram apps used by over a billion global users. In his post, Durov stated: “This summer, Telegram users will gain access to the best AI technology on the market,” referring to Grok. 

No deal has been signed

— Elon Musk (@elonmusk) May 28, 2025

He also noted that Telegram would receive 50% of revenue from xAI subscriptions sold through its platform. In addition, the company would secure $300 million in a combined cash and equity arrangement. These funds would contribute to Telegram’s broader capital raise of $1.5 billion via a bond offering, backed by major financial entities including BlackRock.

Musk Clarifies Deal Status as Talks with Durov Remain Preliminary

Musk’s response introduced a sharp correction to the earlier announcement. His post, simple and unambiguous, stated: “No deal has been signed. The message confirmed that previous terms had been changed and underscored his authority over the process. It also made clear that formal agreements had not been executed. Following Musk’s post, Durov returned to X to acknowledge the correction. “Agreed in principle, but formalities are pending,” he wrote, effectively confirming that discussions are ongoing. The deal remains in a preliminary phase, and no binding documents have been finalized.

True. Agreed in principle, but formalities are pending.

— Pavel Durov (@durov) May 28, 2025

Despite the lack of a signed deal, public posts from both executives have revealed several potential terms under discussion. The open conversation between the two CEOs has led to more attention. For now, the status of the collaboration is uncertain pending the completion of certain administrative procedures and the final structure of an agreement has not yet been determined.

Tags: Crypto News

Related Posts

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

by Munene Timothy
August 4, 2025

Pump.fun's token supply lags at 21.43% of LetsBONK’s, pushing its market share down to 22.2% amid changing user preference. LetsBONK...

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

by Munene Timothy
August 2, 2025

XRP trades above key $2.95 support with bearish MACD and neutral RSI; price action suggests short term consolidation. Price remains...

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

by Veronicah Peninah
August 2, 2025

ETH currently trades at $3,489.96, with recent price action forming a discount zone of 10%–30% from local highs. Ethereum’s price...

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

by Irene Mukiri
August 2, 2025

SEC’s Project Crypto aims to modernize outdated rules for blockchain innovation U.S. positions itself to lead global digital finance with...

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

by Jonathan Carls
August 2, 2025

Thin liquidity enables massive XRP price jumps with minimal capital inflows Market cap multipliers reveal how $10B could drive XRP...

Load More

Recent News

  • Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
  • XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
  • Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
  • Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
  • XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

Popular News

  • KEKIUS Price Prediction for June 2025 Signs of Weak Momentum and Accumulation Battle

    KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    211 shares
    Share 84 Tweet 53
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    207 shares
    Share 83 Tweet 52
  • SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

    206 shares
    Share 82 Tweet 52
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    207 shares
    Share 83 Tweet 52
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    207 shares
    Share 83 Tweet 52

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
August 2, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact