Former Twitter CEO Parag Agrawal has launched a new AI startup, Parallel Web Systems, which has secured $30 million in funding from investors such as Khosla Ventures. The company’s innovative Ultra8x engine claims to outpace OpenAI's GPT-5 by over 10% in various benchmarks, including BrowseComp. Targeting applications in coding and market analysis, Parallel aims to redefine AI-driven online research with a team of about 25 in Palo Alto. Agrawal’s return signals a competitive push in AI.