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Amid legal challenges from France targeting its founder, Pavel Durov, Telegram has witnessed remarkable growth. In 2023, the company's profits soared to $540 million, and it anticipates revenues to leap to $1.4 billion in 2024, marking its inaugural year of profitability. To streamline its financial position, Telegram intends to issue $1.5 billion in bonds for debt repurchasing and is exploring the possibility of an Initial Public Offering (IPO) when market conditions are favorable. Its revenue streams primarily encompass partnerships, advertising income, and premium subscription services. Furthermore, Telegram has joined forces with Musk's AI team, xAI, to integrate the Grok chatbot into its platform, thereby fostering the advancement of conversational AI. Durov has denounced the detention measures taken by the French authorities, viewing them as geopolitically motivated.
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