parallel-ai

name	parallel-ai
description	Parallel AI Search & Extract API for FX news research. Use when working with web search, news extraction, content research, or FX market data gathering. Triggers on: "parallel ai", "parallel search", "web search API", "FX news", "news research", "parallel-web", "extract API".

Overview

Parallel AI provides search and extraction APIs for gathering FX news and market research data. Used in AutoClaw for automated research about currency markets relevant to Mento stablecoins.

Installation

pnpm add parallel-web

Search API

import { Parallel } from 'parallel-web';

const parallel = new Parallel({
  apiKey: process.env.PARALLEL_API_KEY!,
});

// Search for FX news
const results = await parallel.search({
  query: 'EUR/USD exchange rate forecast',
  maxResults: 10,
});

for (const result of results) {
  console.log(result.title, result.url, result.snippet);
}

Extract API

Extract structured content from web pages:

const extracted = await parallel.extract({
  url: 'https://example.com/fx-article',
});

console.log(extracted.title);
console.log(extracted.content); // Clean markdown text
console.log(extracted.publishedAt);

Use Cases in AutoClaw

• FX Rate Research: Search for current exchange rate news for Mento stablecoin pairs
• Market Sentiment: Gather news sentiment about currencies (KES, NGN, BRL, PHP, etc.)
• Economic Events: Track central bank decisions affecting Mento stablecoin values
• Price Verification: Cross-reference on-chain Mento rates with real-world FX rates

Environment Variables

Variable	Description
PARALLEL_API_KEY	Parallel AI API key

Important Notes

• Rate-limit your requests to avoid hitting API quotas
• Cache search results when possible (FX news doesn't change every second)
• Always attribute sources when displaying search results to users
• The Extract API returns clean markdown — suitable for feeding to LLMs for summarization