Parag Agrawal, the former CEO of Twitter (now X), has launched an AI startup called Parallel Web Systems Inc. The startup's first product, Deep Research API, reportedly outperforms both humans and leading AI models like OpenAI's GPT-5 in certain research tasks. Agrawal announced that Parallel currently supports millions of research tasks daily and has secured $30 million in funding, employing a team of 25. The venture marks Agrawal's return to the tech space after his tenure at Twitter, where he was involved in AI research. He believes AI agents will dominate internet usage, predicting that individuals might deploy multiple agents to work on their behalf online. Furthermore, this vision aligns with insights from Coinbase developers regarding the emergence of autonomous AI agents in the blockchain ecosystem, underscoring the potential for significant advancements in automated transactions and applications in various industries.

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