Parag Agrawal, the previous CEO of Twitter, now known as X, has returned to the tech trade with a startup centered on serving to synthetic intelligence brokers autonomously accumulate and analyze data from the net.
Agrawal mentioned in a LinkedIn publish on Friday that his startup Parallel Web Systems Inc.’s first main product known as Deep Research API outperforms people and main AI fashions — together with OpenAI’s GPT-5 — on some analysis benchmarks.
“We already energy tens of millions of analysis duties daily,” 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 large transfer within the tech house 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 courtroom dominated to maneuver the case ahead in November, however a last verdict hasn’t been reached.
Agrawal knew AI can 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 instructed Bloomberg that he dove again into AI analysis, studying papers and writing code once more. He mentioned he turned down a number of provides from struggling tech companies searching for him to “clear up shit” — figuring out that AI was what he needed to deal with subsequent.
AI brokers, not people, will run the web, Agrawal says
Agrawal’s first AI thought was an AI-powered health-care startup, however he realized that AI brokers, not people, would turn 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 will in all probability deploy 50 brokers in your behalf to be on the web,” Agrawal instructed Bloomberg. “I believe that’s going to occur quickly, like subsequent 12 months.”
AI brokers the subsequent large factor on Ethereum, Coinbase devs say
Agrawal’s guess on AI brokers additionally traces up with current 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 internet normal, mixed with Ethereum Improvement Proposal (EIP) 3009, might open a new period of e-commerce on the blockchain.
AI brokers might execute stablecoin transfers with out human involvement — enabling all the things from self-driving taxis that pay for his or her gas to AI fashions that monetize content material on demand, the pair mentioned.
Magazine: Everybody hates GPT-5, AI exhibits social media can’t be fastened: AI Eye
