<ul><li>Parag Agrawal, former CEO of Twitter, has revealed the name of his AI startup: Parallel Web Systems.</li><li>The startup, based in Palo Alto, California, has raised around $30 million in funding and is building an API for AIs using web data.</li><li>Parallel's website states that it aims to develop systems for advanced AIs to work with the web, predicting that AI usage on the web will increase significantly.</li><li>Agrawal was fired by Elon Musk following Musk's acquisition of Twitter, and he, along with other former Twitter executives, filed a $128 million lawsuit against Musk.</li></ul>

Ex-Twitter CEO Parag Agrawal has moved his AI startup out of stealth, calling it Parallel

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