Parag Agrawal is the Co-Founder and CEO of Parallel, building web search infrastructure for AI agents. Parallel has announced $230M in funding from Sequoia, Khosla, and First Round Capital. Previously, he was CEO of Twitter, succeeding Jack Dorsey after serving as CTO and becoming the company's first Distinguished Engineer. ----------------------------------------------- Timestamps: 00:00 Intro 01:15 What Is Parallel? 02:43 How AI Agents Completely Change Web Search 05:29 Why Search for Agents Requires a New Compute Stack 07:23 How Agents Trade Off Accuracy, Latency and Cost 09:42 Where AI Agents Use Web Search Most Today 12:21 Do Smarter Models Mean Less Search? 14:09 Why Frontier Models Get Bigger While Small Models Get Better 16:19 Open Models vs Frontier Models: Where Will the Dollars Go? 18:05 Is the AI Model Routing Layer Actually Valuable? 19:44 Why Data Could Become One of AI’s Most Valuable Markets 21:27 How Agents Could Completely Change Data Licensing 23:58 Amazon vs Shop...