Parag Agrawal, the previous CEO of Twitter, now known as X, has returned to the tech trade with a startup, Parallel Net Methods Inc., targeted on serving to synthetic intelligence brokers autonomously acquire and analyze data from the online.
Agrawal stated in a LinkedIn submit on Friday that his startup’s first main product, known 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 on daily basis,” Agrawal stated, including {that a} public agency is already automating human workflows with Parallel and coding brokers are utilizing its instruments to seek 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 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 had been denied round $128 million in severance pay after their contracts had been abruptly terminated. A district court docket dominated to maneuver the case ahead in November, however a last verdict hasn’t been reached.
Agrawal knew AI could be his subsequent enterprise
Agrawal constructed machine studying fashions at Twitter whereas serving as chief know-how officer beneath 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 stated he turned down a number of affords from struggling tech companies searching for him to “clear up shit,” realizing 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 healthcare startup, however he realized that AI brokers, not people, would turn into the most important customers of the online.
Associated: Crypto chases hype whereas lacking foundational fortune
“There’ll be extra brokers on the web than there are people round. You’ll in all probability deploy 50 brokers in your behalf to be on the web,” Agrawal informed Bloomberg. “I believe that’s going to occur quickly, like subsequent yr.”
AI brokers the following huge 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 “largest energy person.”
Coinbase’s Kevin Leffew and Lincoln Murr stated a little-used HTTP net normal, mixed with Ethereum Enchancment 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 every thing from self-driving taxis that pay for his or her gas to AI fashions that monetize content material on demand, the pair stated.
Journal: All people hates GPT-5, AI reveals social media can’t be fastened: AI Eye
