financetom
Business
financetom
/
Business
/
Telegram, Musk's xAI partner to distribute Grok to messaging app's users
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Telegram, Musk's xAI partner to distribute Grok to messaging app's users
May 28, 2025 5:44 AM

(Reuters) -Telegram CEO Pavel Durov said on Wednesday its messaging app and Elon Musk's artificial intelligence company xAI have agreed to a partnership to distribute Grok to its more than billion users.

Telegram will receive $300 million in cash and equity from xAI and 50% of revenue from xAI subscriptions sold via Telegram, he said in a post on X.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer
Sector Update: Consumer
Apr 23, 2024
08:39 AM EDT, 04/23/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Tuesday as the Consumer Staples Select Sector SPDR Fund (XLP) was unchanged and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently advancing by 0.5%. Hibbett ( HIBB ) was rallying nearly 19% after saying it has agreed to be acquired by the UK's JD Sports...
Banc of California's Q1 Adjusted Earnings, Revenue Decline --Shares Advance Pre-Bell
Banc of California's Q1 Adjusted Earnings, Revenue Decline --Shares Advance Pre-Bell
Apr 23, 2024
08:39 AM EDT, 04/23/2024 (MT Newswires) -- Banc of California ( BANC ) reported Q1 adjusted earnings Tuesday of $0.19 per diluted share, down from $1.03 a year earlier. Analysts polled by Capital IQ expected $0.25. Revenue for the quarter ended March 31, expressed as the sum of net interest income and total non-interest income, was $273 million, down from...
Preferred Bank's Q1 Earnings, Revenue Fall
Preferred Bank's Q1 Earnings, Revenue Fall
Apr 23, 2024
08:43 AM EDT, 04/23/2024 (MT Newswires) -- Preferred Bank ( PFBC ) reported Q1 earnings Tuesday of $2.44 per diluted share, down from $2.61 a year earlier. Analysts polled by Capital IQ expected $2.38. Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $71.6 million, down from $72.6 million...
PepsiCo Fiscal First-Quarter Results Top Views But Quaker Foods Business Takes Hit from Product Recalls
PepsiCo Fiscal First-Quarter Results Top Views But Quaker Foods Business Takes Hit from Product Recalls
Apr 23, 2024
08:41 AM EDT, 04/23/2024 (MT Newswires) -- PepsiCo ( PEP ) on Tuesday reported better-than-expected fiscal first-quarter results aided by price increases, even though certain product recalls weighed substantially on the beverage and snacks company's Quaker Foods business in North America. Adjusted earnings came in at $1.61 a share for the three months through March 23, up from $1.50 the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved