Tech billionaire Elon Musk has denied any formal partnership with Telegram on integrating Grok AI chatbot on the messaging platform. As a result, Telegram CEO Pavel Durov’s claims, of a $300 million cash-and-equity deal with xAI, seem to have fallen flat. Toncoin (TON) seems to be quickly losing steam after 12% gains on Wednesday. Elon Musk Denies Signing Telegram Deal On May 28, Pavel Durov announced that his firm will integrate the Grok AI Chatbot, developed by Elon Musk’s xAI, into its social platform as part of a revenue-sharing partnership. The deal includes a $300 million cash-and-equity package, along with 50% of xAI subscription sales generated through Telegram. But responding to Durov’s post on the X platform, Musk wrote: “No deal has been signed”. This led the community to explode over what is actually happening. Moments later, Durov also agreed to Musk’s statement, adding: “True. Agreed in principle, but formalities… Read More at Coingape.com
The post Breaking: Elon Musk Says ‘No Deal’ With Telegram, TON Crash Begins? appeared first on CoinGape.
Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.