Speaking at an economic forum in Doha, Qatar, on Tuesday, Musk said he was committed to being the leader of Tesla for the next five years.
Announcing the deal, Telegram boss Pavel Durov said it would see his firm distribute the AI assistant, Grok, to Telegram's "billion+ users and integrate it into its apps".Mr Durov said the arrangement - which is due to last a year - would see his company receive $300m (£223m) in cash and equity from xAI, plus 50% of revenue from xAI subscriptions sold via Telegram.
"Together, we win!", heIt follows Meta incorporating an AI service into its messaging service, WhatsApp - a development it wasafter grumbling from users.
Media analyst Hanna Kahlert at Midia Research told BBC News the move followed the pattern of "social and AI trying to absorb each other".She said it was not, however, necessarily what customers actually wanted.
"Users primarily still use social platforms to talk to their friends, and see their friends' updates," she added.
"Adding AI into direct messaging inherently supplants that - it reduces trust between users and distracts from the current USP."because of what they said was the amount of criminal activity being discussed on the platform.
However, Mr Durov has denied failing to cooperate with law enforcement over drug trafficking, child sexual abuse content and fraud.The platform has also rejected accusations that its moderation policies are not sufficiently robust.
Mr Musk has an incredibly broad range of tech interests, ranging from brain implant start-up Neuralink to his rocket manufacturing firm, SpaceX.He also has a prominent role in the administration of US President Donald Trump, and campaigned heavily to get him elected - something that analysts say is contributing to