Parag Agrawal, the former Twitter chief executive removed after Elon Musk's takeover in 2022, has re-entered the technology sector with a new venture.

His company, Parallel Web Systems, is developing AI tools designed to help AI agents gather and analyse information online without human input.

The company's first product, Deep Research API, outperforms human researchers and advanced models such as OpenAI's GPT-5 on specific benchmarks.

Agrawal revealed that the system already supports millions of tasks daily and is used by coding agents to locate documents and fix errors. Parallel has secured 30 million dollars in funding and employs around 25 staff.

Agrawal had been Twitter's chief technology officer before succeeding Jack Dorsey as chief executive in late 2021. After leaving the company, he returned to academic research and coding instead of joining other struggling firms.

He has argued that the internet will eventually be dominated by AI agents rather than human users, predicting that individuals may soon rely on dozens of agents to act on their behalf.

His views echo predictions from Coinbase developers, who recently suggested that AI agents could become the most significant users of Ethereum.

They propose that autonomous systems can handle stablecoin transfers and e-commerce transactions, enabling services from self-driving taxis to AI-powered content platforms.