Telegram and Elon Musk's xAI have reached an agreement to bring Grok AI to Telegram users.

In this deal, Telegram will receive $300 million in the form of cash and xAI shares. Additionally, according to the WSJ, Telegram is preparing to raise $1.5 billion through a bond issuance, with expected participation from BlackRock and Citadel.

Following this positive news, the price of $TON surged by more than 20%.

TON

1.23

+1.48%