Musk Tweets Denial of xAI Telegram Deal Signed

BlockBeats News, May 29th, Musk tweeted to deny that the xAI transaction agreement with Telegram had been signed, stating that they had not signed any agreement. After Musk's denial, the TON price fell from a high of $3.69 to $3.37.

Earlier reports indicated that yesterday, Telegram founder Pavel Durov stated on social media that Telegram had reached a one-year cooperation agreement with xAI to distribute Grok to Telegram's over one billion users and integrate it into the Telegram application. Telegram would receive $300 million in cash and equity from xAI, as well as 50% of the subscription revenue from xAI sold through Telegram.