Ousted Twitter CEO Parag Agrawal is again with an AI startup; will get $30 mn in investment led by means of Khosla Ventures

Twitter (which matches by means of X now), has been on a whirlwind adventure within the closing couple of years. Again in 2021, then-CEO Jack Dorsey stepped down and used to be changed by means of CTO Parag Agrawal. Alternatively, his tenure used to be short-lived as billionaire Elon Musk took over the microblogging platform only a yr later, sparking a mass exodus of workers from the corporate. Since then, the myriad of adjustments has incorporated new options and an entire rebranding to X. In the meantime, no longer a lot used to be identified about ousted CEO Parag Agrawal’s destiny. However that isn’t the case anymore, as Agrawal is again with a man-made intelligence (AI) startup that has already raised $30 million in investment this is led by means of Khosla Ventures.

Parag Agrawal

Agrawal joined Twitter 10 years in the past when there have been fewer than 1,000 workers within the corporate. On becoming a member of his designation used to be Outstanding Tool Engineer and he rose to transform the Leader Generation Officer at Twitter sooner than in the long run taking up from Dorsey because the CEO, sooner than being ousted. He used to be additionally answerable for operating Twitter’s Bluesky venture which used to be geared toward developing an open and decentralized usual for a social community protocol that led to a few far-reaching adjustments being proposed. 

Since then, Agrawal has been exhausting at paintings developing an AI startup that objectives to expand specialised tool for builders of Massive Language Fashions (LLMs), The Data reported, mentioning two folks acquainted with the deal.

For the unaware, LLMs are System Finding out (ML) fashions that may perceive or even generate human language textual content. Those fashions shape the foundation of AI systems similar to OpenAI’s ChatGPT and Google Bard.

Whilst the AI startup’s title wasn’t printed, it used to be made identified that entrepreneur Vinod Khosla-led Khosla Ventures led its investment, an organization that used to be up to now an early backer of Sam Altman’s OpenAI. Different ventures that invested in Parag Agrawal’s AI startup are Index Ventures and First Spherical Capital. All in all, the AI startup has raised $30 million in investment.

Additionally, learn those most sensible tales:

The worst of CES 2024! The worst units may hurt us or our society and planet in such “innovatively unhealthy” ways in which a panel of self-described dystopia professionals has judged them “Worst in Display.” Some attention-grabbing main points on this article. Test it out right here.

Consider in AI? No longer although your eyes inform you to! They’re mendacity. Generation will most effective get us to this point in coping with AI-generated pictures, of which there will likely be many. To find out what we will have to transform right here.

The founder-CEOs are feeling the warmth! What took place to OpenAI’s Sam Altman, Bumble’s Whitney Herd signifies that, as profitability turns into a concern at startups, pendulum swings again from the “visionary” founder to the pro. Take a look at the surprising exchange right here.

Yet another factor! We at the moment are on WhatsApp Channels! Apply us there so that you by no means leave out any updates from the sector of era. ‎To apply the HT Tech channel on WhatsApp, click on right here to enroll in now!

Leave a Comment