Elon Musk the tech billionaire entrepreneur and CEO of Tesla and SpaceX is known for his bold business moves. In 2022 he acquired Twitter rebranding it as X and introducing significant changes including major-scale layoffs. One of his first actions as the new owner was removing then-CEO Parag Agrawal along with several top executives. Media Reports suggest that Agrawal was fired for refusing to block a Twitter account that Musk wanted to be removed.
Meet Indian whose salary was Rs 1000000000 was sacked from his job started his own company he is...
Former Twitter CEO Parag Agrawal has officially unveiled his AI startup bringing it out of stealth mode and revealing its name: Parallel Web Systems. Parallel Web Systems first came to light when Parag Agrawal updated his LinkedIn profile to feature the startup’s name. The company which had been operating discreetly has already secured approximately $30 million in funding from notable investors such as Khosla Ventures Index Ventures and First Round Capital.

In March 2023 Parag Agrawal and several other terminated executives filed a lawsuit against Elon Musk seeking $128 million in unpaid severance. According to Parallel’s website Parallel aims to adapt the web for AIs. We are building systems for advanced AIs to work with the web. Our initial product is an API for AIs using web data.

The world wide web is built for humans. Soon the web will be used primarily by AIs on our behalf. Access and computation on the web will increase by several orders of magnitude. Everything from the infrastructure to business models will need to evolve reads the official website.