World
Who is Parag Agarwal? IIT Bombay graduate fired by Elon Musk from Rs 100 crore job, he now has Rs 190000000000…
Parag Agrawal graduated from IIT Bombay and was chosen by Twitter co-founder Jack Dorsey to be the CEO in 2021.
IIT Bombay graduate with Rs 100 crore package
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Parag Agrawal went to IIT Bombay, where he supposedly got an AIR 77 rank in the IIT-JEE exam. When he took over as Twitter CEO, his pay, which included his salary and company stock, was worth more than Rs 100 crore.
Elon Musk removed him after Twitter takeover
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Right after Elon Musk bought Twitter, he let go of Parag Agrawal and several other high-level leaders. Musk later changed Twitter’s name to X, which was one of the biggest changes the tech industry has ever seen.
Parag Agrawal’s comeback with AI startup
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After Twitter, Parag started an AI company called Parallel Web Systems in 2023. The company recently secured about $100 million in new money, making its total value almost Rs 19,000 crore.
What does Parallel Web Systems do?
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Parallel Web Systems is creating advanced tools for AI programs (or “agents”) so they can browse the internet in real-time, gather up-to-date information, and finish tricky online tasks automatically. This tech is currently being used in areas like legal work, finance, insurance, and big company operations.
More than 1 lakh developers already using it
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Parallel Web Systems has become popular quickly, with more than 100,000 developers reportedly using the platform. Big companies, banks, investment funds, and Fortune 100 firms are checking out its AI tools. This success has made Parag Agrawal a major figure to watch in the AI startup scene right now.
