San Francisco, January 9: Former Indian-origin Twitter CEO Parag Agrawal has entered the synthetic intelligence (AI) race, with reportedly elevating $30 million for his startup. Agrawal, who was sacked by Twitter (now referred to as X) proprietor Elon Musk in late 2022, raised about $30 million in funding for an AI startup, reviews The Data.
Vinod Khosla-led Khosla Ventures, an early backer of OpenAI, “led the funding in Agrawal’s firm, which hasn’t been publicly disclosed,” the report famous. Two different enterprise companies, Index Ventures and First Spherical Capital, additionally participated within the deal, based on the report. Agrawal’s startup is reportedly constructing software program for builders of enormous language fashions, popularised by OpenAI’s chatbot ChatGPT. Paytm Declares To Make investments Rs 100 Crore in Gujarat’s GIFT Metropolis To Provide AI-Pushed Cross-Border Remittance and Set Up New Improvement Centre for Innovation.
Late final yr, Agrawal, former coverage lead Vijaya Gadde and different executives gained $1.1 million in authorized charges from Musk-run X Corp. In October 2022, Musk knowledgeable Agrawal, Gadde and former Twitter chief monetary officer Ned Segal that their employment with the corporate was terminated as he took management of the micro-blogging platform for $44 billion. Microsoft and US-Based mostly Nationwide Power Laboratory PNNL Announce ‘Multi-12 months Collaboration’ To Speed up Scientific Discovery for Power Storage Choices With Assist of AI.
In keeping with reviews, these three prime executives had an exit package deal of round $90-100 million after they left Twitter. Agrawal was set to obtain the biggest payout at round $40 million, largely due “to everything of his shares vesting upon his firing”.
