Parag Agrawal, the previous CEO of Twitter, now referred to as X, has returned to the tech trade with a startup centered on serving to synthetic intelligence brokers autonomously gather and analyze info from the net.
Agrawal mentioned in a LinkedIn submit on Friday that his startup Parallel Net Techniques Inc.’s first main product referred to as Deep Analysis API outperforms people and main AI fashions — together with OpenAI’s GPT-5 — on some analysis benchmarks.
“We already energy thousands and thousands of analysis duties every single day,” Agrawal mentioned, including {that a} public agency is already automating human workflows with Parallel and coding brokers are utilizing its instruments to search out paperwork and debug points. Agrawal has raised $30 million in funding for Parallel and leads a 25-person staff, Bloomberg reported on Thursday.
Parallel marks Agrawal’s first huge transfer within the tech area since Elon Musk ousted him and different C-level executives after the Tesla boss took over Twitter in October 2022, ultimately altering the social media platform’s identify to X.
The executives later sued Musk, claiming they have been denied round $128 million in severance pay after their contracts have been abruptly terminated. A district court docket dominated to maneuver the case ahead in November, however a ultimate verdict hasn’t been reached.
Agrawal knew AI could be his subsequent enterprise
Agrawal constructed machine studying fashions at Twitter whereas serving as chief expertise officer underneath then-CEO Jack Dorsey. Agrawal then led Twitter from November 2021 till October 2022.
After being fired from Twitter, Agrawal informed Bloomberg that he dove again into AI analysis, studying papers and writing code once more. He mentioned he turned down a number of gives from struggling tech corporations on the lookout for him to “clear up shit” — realizing that AI was what he wished to give attention to subsequent.
AI brokers, not people, will run the web, Agrawal says
Agrawal’s first AI concept was an AI-powered health-care startup, however he realized that AI brokers, not people, would develop into the largest customers of the net.
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“There’ll be extra brokers on the web than there are people round. You’ll most likely deploy 50 brokers in your behalf to be on the web,” Agrawal informed Bloomberg. “I feel that’s going to occur quickly, like subsequent 12 months.”
AI brokers the following huge factor on Ethereum, Coinbase devs say
Agrawal’s guess on AI brokers additionally strains up with latest predictions from Coinbase builders, who final week described autonomous AI brokers as Ethereum’s future “greatest energy person.”
Coinbase’s Kevin Leffew and Lincoln Murr mentioned a little-used HTTP net normal, mixed with Ethereum Enchancment Proposal (EIP) 3009, may open a brand new period of e-commerce on the blockchain.
AI brokers may execute stablecoin transfers with out human involvement — enabling all the pieces from self-driving taxis that pay for his or her gas to AI fashions that monetize content material on demand, the pair mentioned.
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