CEO fired from Twitter’s bet on AI, creates multi-crore company – India TV Hindi

Former Twitter CEO Prag Agarwal - India TV Hindi

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Former Twitter CEO Parag Agarwal

Former Twitter CEO Prag Agarwal has made a big bet in the field of AI. With the purchase of Twitter, Elon Musk showed Indian-origin Parag Agarwal a way out of Twitter. Elon Musk and Parag Agarwal have been at loggerheads for a long time. Prag Agarwal welcomed Musk as he joined the Twitter board. Prag Agarwal was in the news after completing the Twitter deal. Not only this, Prag Agarwal has also filed a 1000 crore non-service case against Elon Musk.

Working on an AI startup

After getting fired from Twitter, Prag Agarwal is working on a new startup in AI, Artificial Intelligence. Prag Agarwal has received funding of crores of rupees for this. Two major technology firms, Index Ventures and First Round Capital, have expressed interest in his AI startup. Prag Agarwal has so far raised Rs 250 crore for his AI startup. After Elon Musk was fired from Twitter, he has been working on AI for the past year. However, not much information about this Prag Agarwal startup has been revealed yet.

If reports are to be believed, these days Parag Agarwal will be working on software development for the Large Language Model (LLM) used in ChatGPT and Google Gemini AI. LLM is a model that trains AI to answer and help answer the most complex questions asked by users. There are many types of software used to provide LLM training. This new AI startup by Parag Agarwal will create this kind of software.

Controversy with Elon Musk

Parag Agarwal took over as CEO of Twitter on 29 November 2021. The then CEO Jack Dorsey appointed Parag Agarwal as CEO. He was fired from the company in October after Elon Musk bought Twitter in 2022. Parag Agarwal was reportedly supposed to get Rs 400 crore as service salary after he was fired from Twitter, but Elon Musk did not give him the amount, after which Parag Agarwal filed a lawsuit against Musk. After buying Twitter, Musk changed the company’s name to X.

Former Twitter CEO Parag Agarwal

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