According to the article, Parag Agrawal, the former CEO of Twitter, is working on a stealth artificial intelligence startup called Parallel. The company aims to develop large language models and other AI technologies, with plans to launch in 2024. Agrawal has assembled a team of top AI researchers and engineers, including former employees from OpenAI, Google, and Apple. The startup has raised over $200 million from investors like Andreessen Horowitz and Sequoia Capital. Parallel’s focus is on building AI systems that can understand and generate human-like language, with potential applications in areas like search, content creation, and customer service. The article highlights the growing interest and investment in AI startups, as well as the competition among tech giants and startups to develop advanced language models and other AI capabilities.
Source: https://www.businessinsider.com/ex-twitter-ceo-parag-agrawal-ai-startup-stealth-parallel-2024-10