Technology8/14/2025Bloomberg

Twitter’s Ex-CEO Is Moving Past His Elon Musk Drama and Starting an AI Company

Twitter’s Ex-CEO Is Moving Past His Elon Musk Drama and Starting an AI Company

Parag Agrawal, the former CEO of Twitter, has announced the launch of his new startup, Parallel, which will focus on developing AI agents. Agrawal's departure from Twitter was marked by a highly publicized drama with Elon Musk, who acquired the social media platform in a $44 billion deal. Parallel aims to create AI agents that can assist humans with a variety of tasks, from content creation to problem-solving. Agrawal believes that AI agents will become increasingly important in the future, as they can augment human capabilities and increase productivity. The startup has already raised $8 million in seed funding from investors, including Andreessen Horowitz and Elad Gil. Agrawal, who holds a Ph.D. in computer science from Stanford University, will serve as the company's CEO. While the details of Parallel's technology and roadmap are still limited, the launch of the startup represents Agrawal's move to shift his focus from the turbulent Twitter saga to the rapidly evolving field of artificial intelligence.

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