Billionaire entrepreneur Elon Musk has vehemently denied claims by Telegram CEO Pavel Durov regarding a significant collaboration between his AI venture, xAI, and the messaging platform’s Grok chatbot. The denial came after Durov revealed what appeared to be a signed agreement, which outlined substantial financial terms. 0n May 28th, Durov announced that Telegram would launch Grok, an AI chatbot created by Musk’s company, xAI. He claimed this deal included $300 million in cash and equity, with Telegram receiving a 50% share of the funds generated from Grok app subscriptions. However, Musk quickly refuted these claims via a X post, stating that no official agreement had been finalized. In response to this clarification, Durov acknowledged that they had only agreed in principle, with final details yet to be established. This sparked uncertainty regarding the partnership’s actual progress. 0nset of the denial, Toncoin, the cryptocurrency linked to Telegram’s blockchain network, experienced a noticeable surge – jumping nearly 19% to $3.55 before later declining sharply when Musk’s denial came into focus. Toncoin’s price currently sits at $3.35, down 3.51% over the past 24 hours. The Grok AI news arrived amidst a period of heightened activity for Telegram as CEO Evan Spiegel navigated legal challenges and business developments. Telegram announced plans to raise $1.5 billion through a bond sale, aimed at retiring debt incurred in 2021. This move attracted considerable interest from large investment firms like Citadel, BlackRock, and Mubadala. Despite the initial excitement regarding Grok’s integration into Telegram, it remains to be officially confirmed. Investors and users remain hopeful about this partnership’s potential impact on the messaging platform.