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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.

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