Parag Agrawal, former Twitter CEO, launches startup Parallel Web Systems Inc. focused on AI agents collecting and analyzing information. Product Deep Research API surpasses humans and AI models, raising $30 million in funding with a 25-person team. Agrawal’s first tech move since Musk ousted him from Twitter in 2022.

Agrawal transitioned to AI research after Twitter, rejecting offers from struggling tech firms. His focus on AI agents dominating the web led to the creation of Parallel. Predicts more agents than humans online, with AI-driven internet presence increasing rapidly next year.

Coinbase developers predict AI agents on Ethereum will become the biggest power users, enabling autonomous transactions and e-commerce on the blockchain. HTTP web standard combined with EIP 3009 could revolutionize how transactions are executed, from self-driving taxis to content monetization with AI models.

Read more at Cointelegraph: Ex-Twitter CEO Parag Agrawal Unveils AI Startup