Parag Agrawal, former CEO of Twitter (now 'X'), has reappeared in the business world after his contentious exit from the social media giant.
Agrawal, ousted by Elon Musk, has launched a new AI startup with $30 million in initial funding, aimed at developing software for Large Language Model (LLM) developers.
Khosla Ventures led the financing for Agrawal's AI initiative, with significant contributions from Index Ventures and First Round Capital, demonstrating strong support for Agrawal's vision in AI innovation.
Agrawal's departure from Twitter was linked to Elon Musk's rapid takeover and subsequent rebranding of the platform to 'X', following a series of negotiations and legal battles.
Musk's bid to acquire Twitter faced obstacles, including disputes over transparency in data and legal confrontations between Musk and Twitter.
The acquisition of Twitter by Musk was formalized on October 27, leading to a significant restructuring that resulted in Agrawal, former CFO Ned Segal, and ex-chief legal officer Vijaya Gadde departing from the company.
Agrawal's move into the AI startup space represents his resurgence in the tech industry following his departure from Twitter during the transition to 'X'.
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