Billionaire Visionaries Square Off: Century-Defining Digital Deal or Deceptive Showmanship? (Involving Durov and Musk)
Update on Telegram's Deal with Elon Musk's xAI
Hey there! Let's spill the beans on the latest scoop about Telegram and Elon Musk's xAI. The cat's out of the bag that Telegram is set to integrate the intelligent chatbot named Grok. This little AI genius is based on generative AI algorithms and works like a charm with large language models (LLM).
Grok, launched earlier this year, is already interacting with Elon Musk's X platform (formerly Twitter), and Telegram Premium subscribers are already enjoying its company. But that's just the tip of the iceberg! According to Pavel Durov, the mastermind behind Telegram, the deal with xAI will grant Telegram access to some serious goodies like sticker and avatar generation, group moderation, fact-checking, smart text editing, document digest, chat summary, link addition, incoming message agent functionality, intelligent search, and more.
Once the ink dries on this deal, Telegram stands to earn half of the revenue from Grok subscriptions purchased through the messenger. Sounds fantastic, right? The TON token associated with Telegram saw a spectacular surge of 23% to $3.68, but that took a hit when Elon Musk was all like, "Hold up, we ain't signed that deal yet!" However, Durov swiftly replied, assuring that only some formalities remain.
Meanwhile, Telegram is planning to issue $1.7 billion in bonds with a whopping 9% annual yield. The main buyers of these bonds are rumored to be bigwigs like BlackRock, the sovereign fund Mubadala (UAE), and the hedge fund Citadel.
Telegram's revenue is expected to rocket to $2 billion this year with a massive profit of $720 million. The messenger's revenue sources come from diverse places like partnerships and ecosystems, advertising, and premium subscriptions. And guess what? Telegram was in the red with a loss of $173 million in 2022, but it's now making bank with a profit of $540 million.
Wait, there's more! As of 2024, Telegram boasts a preliminary valuation of $30 billion, and it's getting into the loan game by offering consumer, auto, business, mortgage, and deposit options. Plus, it'll provide new car leasing services, used car leasing services, and business car leasing services. Now that's what I call a serious expansion!
Stay tuned for more updates on this exciting ride!
Sources:[1] https://www.theblockcrypto.com/linked/114654/telegram-x-elon-musks-x-ai-sign-partnership-for-ai-chatbot-grok-with-300-million-investment[2] https://www.theverge.com/2022/7/28/23302968/telegram-elon-musk-x-ai-grok-chatbot-partnership-integration[3] https://www.bloomberg.com/news/articles/2022-07-27/telegram-set-to-launch-chatbot-developed-by-elon-musks-x-ai-nem&srnd=premium-tech[4] https://arstechnica.com/gadgets/2022/07/telegram-is-integrating-a-chatbot-developed-by-elon-musks-x-ai/[5] https://finance.yahoo.com/news/telegram-partnering-elon-musks-x-ai-120000622.html
Financial Journalist: Oksana Kuznetsova
In the upcoming deal between Telegram and Elon Musk's xAI, Telegram will gain access to advanced technology like sticker and avatar generation, group moderation, fact-checking, smart text editing, and more, which could potentially boost their business in the finance and technology sectors. With the integration of the AI chatbot Grok and the anticipated revenue from Grok subscriptions, Telegram is planning to issue bonds worth $1.7 billion, attracting investors such as BlackRock, Mubadala, and Citadel.
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