Former Twitter CEO Launches Artificial Intelligence Startup Parallel Web Systems

AIbase基地

Published inAI News · 3 min read · Oct 23, 2024

178

Parag Agrawal, the former CEO of Twitter, recently launched his AI startup, Parallel Web Systems. According to the company's official website, they are developing systems that "enable advanced AI to collaborate with web technologies."

As reported by The Information, Agrawal has raised approximately $30 million for his startup, with investors including venture capital firms Khosla Ventures, Index Ventures, and First Round Capital. The company's LinkedIn page indicates that there are 10 employees besides Agrawal.

Artificial Intelligence AI Robot Manipulator (1)

Image Source: The image is AI-generated, provided by the image licensing service Midjourney.

The official website of Parallel Web Systems predicts that AI will represent humans in using the web in the future. "Access and computation on the web will experience exponential growth," the site states, "necessitating evolution in every aspect from infrastructure to business models."

Agrawal served as Twitter's CEO from November 2021 to October 2022. He was fired by Elon Musk after Musk's acquisition of the platform. Currently, Agrawal is engaged in a legal battle with Musk, claiming that he is owed $128 million in severance pay.

The launch of Parallel Web Systems marks Agrawal's new journey in the AI field, and users can look forward to seeing his new achievements in this domain.

Thailand's AI Surge! Open Source, Talent Development, Government Policies, All Contributing to Thailand's Takeoff!

In 2024, the global AI craze continues to rise, and Thailand is no exception, standing on the brink of an explosion in artificial intelligence (AI). Imagine strolling through the streets of Bangkok, where everything around you is quietly changing. Restaurants have smart ordering systems that can converse with you fluently in Thai, hospitals have AI diagnostic systems capable of accurately analyzing your health status, and even the shared bicycles on the roadside are equipped with smart navigation. This is no fantasy; it is the ongoing AI transformation in Thailand. Image source note: The image is generated by AI, and the image is authorized.

iFLYTEK and Other Enterprises Jointly Establish Artificial Intelligence Venture Capital Fund with an Investment of 500 Million RMB

Against the backdrop of rapid development in artificial intelligence, iFLYTEK and several enterprises jointly established the 'Anhui Kexun Artificial Intelligence Venture Capital Fund Partnership (Limited Partnership)' on December 16. The fund has a total investment of 500 million RMB, aiming to support and promote innovation and development in the field of artificial intelligence. According to data from the Tianyancha App, the managing partner of this newly established investment fund is Hefei Kexun Innovation Information Technology Partnership (Limited Partnership). Its business scope is extensive, covering equity investment and investment management for private equity funds.

Tencent and Honor Reach Strategic Cooperation to Promote Cloud Computing and Artificial Intelligence Development

According to a report by Bloomberg, Tencent Holdings Limited and Honor Device Co., Ltd. announced on Friday that they will engage in a long-term strategic cooperation in the fields of cloud computing and artificial intelligence. The two parties will collaborate extensively, leveraging Honor's capabilities in terminals, AI, and ecosystem development, and combining these with Tencent's resources in cloud computing, content platforms, and gaming technology. In this partnership, Honor will utilize Tencent's big data analysis and search tools, which will greatly enhance Honor's data processing capabilities. Additionally, both sides plan to jointly develop a coding assistant aimed at benefiting Honor's workforce.

2025 Economic Trends in the UK: AI, Real Estate, and Space Mining in Focus

2024 is set to be a busy year for the UK, with Donald Trump being re-elected as President of the United States, interest rates slightly declining, and geopolitical tensions intensifying. As the new year approaches, Bloomberg News has interviewed several CEOs in the UK to discuss their outlook for 2025. These CEOs come from various industries, including finance, construction, and energy, sharing their insights on key themes for the coming years. Image source note: The image is AI-generated, with licensing provided by Midjourney.