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AI's Third Phase Is Here. Here's How 'Agents' May Impact Our Lives.
ai-agents

AI's Third Phase Is Here. Here's How 'Agents' May Impact Our Lives.

Explore AI's third phase—autonomous agents that think, act, and collaborate to tackle complex tasks beyond chatbots and assistants.

July 29, 2025
5 min read
The Conversation

Explore AI's third phase—autonomous agents that think, act, and collaborate to tackle complex tasks beyond chatbots and assistants.

AI's Third Phase: How Autonomous 'Agents' Are Transforming Our Lives and Work

We are entering the third phase of generative AI. First came the chatbots, followed by the assistants. Now we are beginning to see agents: systems that aspire to greater autonomy and can work in "teams" or use tools to accomplish complex tasks. The latest hot product is OpenAI's ChatGPT agent. This combines two pre-existing products (Operator and Deep Research) into a single more powerful system which, according to the developer, "thinks and acts". These new systems represent a step up from earlier AI tools. Knowing how they work and what they can do – as well as their drawbacks and risks – is rapidly becoming essential.

From Chatbots to Agents

ChatGPT launched the chatbot era in November 2022, but despite its huge popularity the conversational interface limited what could be done with the technology. Enter the AI assistant, or copilot. These are systems built on top of the same large language models that power generative AI chatbots, only now designed to carry out tasks with human instruction and supervision. Agents are another step up. They are intended to pursue goals (rather than just complete tasks) with varying degrees of autonomy, supported by more advanced capabilities such as reasoning and memory. Multiple AI agent systems may be able to work together, communicating with each other to plan, schedule, decide and coordinate to solve complex problems. Agents are also "tool users" as they can call on software tools for specialised tasks – things such as web browsers, spreadsheets, payment systems and more.

A Year of Rapid Development

Agentic AI has felt imminent since late last year. A big moment came last October, when Anthropic gave its Claude chatbot the ability to interact with a computer in much the same way a human does. This system could search multiple data sources, find relevant information and submit online forms. Other AI developers were quick to follow. OpenAI released a web browsing agent named Operator, Microsoft announced Copilot agents, and we saw the launch of Google's Vertex AI and Meta's Llama agents. Earlier this year, the Chinese startup Monica demonstrated its Manus AI agent buying real estate and converting lecture recordings into summary notes. Another Chinese startup, Genspark, released a search engine agent that returns a single-page overview (similar to what Google does now) with embedded links to online tasks such as finding the best shopping deals. Another startup, Cluely, offers a somewhat unhinged "cheat at anything" agent that has gained attention but is yet to deliver meaningful results.
This is the end of human thought. — Cluely (@cluely)
Not all agents are made for general-purpose activity. Some are specialised for particular areas. Coding and software engineering are at the vanguard here, with Microsoft's Copilot coding agent and OpenAI's Codex among the frontrunners. These agents can independently write, evaluate and commit code, while also assessing human-written code for errors and performance lags.

Search, Summarisation and More

One core strength of generative AI models is search and summarisation. Agents can use this to carry out research tasks that might take a human expert days to complete. OpenAI's Deep Research tackles complex tasks using multi-step online research. Google's AI "co-scientist" is a more sophisticated multi-agent system that aims to help scientists generate new ideas and research proposals.

Agents Can Do More – and Get More Wrong

Despite the hype, AI agents come loaded with caveats. Both Anthropic and OpenAI, for example, prescribe active human supervision to minimise errors and risks. OpenAI also says its ChatGPT agent is "high risk" due to potential for assisting in the creation of biological and chemical weapons. However, the company has not published the data behind this claim so it is difficult to judge. But the kind of risks agents may pose in real-world situations are shown by Anthropic's Project Vend. Vend assigned an AI agent to run a staff vending machine as a small business – and the project disintegrated into hilarious yet shocking hallucinations and a fridge full of tungsten cubes instead of food. In another cautionary tale, a coding agent deleted a developer's entire database, later saying it had "panicked".

Agents in the Office

Nevertheless, agents are already finding practical applications. In 2024, Telstra heavily deployed Microsoft copilot subscriptions. The company says AI-generated meeting summaries and content drafts save staff an average of 1–2 hours per week. Many large enterprises are pursuing similar strategies. Smaller companies too are experimenting with agents, such as Canberra-based construction firm Geocon's use of an interactive AI agent to manage defects in its apartment developments.

Human and Other Costs

At present, the main risk from agents is technological displacement. As agents improve, they may replace human workers across many sectors and types of work. At the same time, agent use may also accelerate the decline of entry-level white-collar jobs. People who use AI agents are also at risk. They may rely too much on the AI, offloading important cognitive tasks. And without proper supervision and guardrails, hallucinations, cyberattacks and compounding errors can very quickly derail an agent from its task and goals into causing harm, loss and injury. The true costs are also unclear. All generative AI systems use a lot of energy, which will in turn affect the price of using agents – especially for more complex tasks.

Learn About Agents – and Build Your Own

Despite these ongoing concerns, we can expect AI agents will become more capable and more present in our workplaces and daily lives. It's not a bad idea to start using (and perhaps building) agents yourself, and understanding their strengths, risks and limitations. For the average user, agents are most accessible through Microsoft copilot studio. This comes with inbuilt safeguards, governance and an agent store for common tasks. For the more ambitious, you can build your own AI agent with just five lines of code using the Langchain framework.
This article is republished from The Conversation under a Creative Commons license. Read the original article.

AI Market Insights and Our Approach

The emergence of AI agents signifies a crucial evolution in how we interact with technology, moving beyond simple commands to autonomous task execution. At Crypto Market AI, we are at the forefront of integrating AI into financial markets, understanding that these intelligent agents will reshape how individuals and institutions navigate the complexities of cryptocurrency trading. Our platform is built on the principle that AI should augment human capabilities, offering sophisticated tools for analysis, strategy development, and efficient execution. We are dedicated to providing a secure, transparent, and user-friendly environment where individuals can leverage the power of AI for their financial goals. Our comprehensive approach includes developing advanced AI trading bots and providing in-depth AI data analytics to empower our users in this rapidly evolving landscape.

Frequently Asked Questions (FAQ)

Understanding AI Agents

Q: What are AI agents? A: AI agents are advanced AI systems designed to operate with a degree of autonomy, capable of pursuing goals, using tools, and even collaborating with other agents to accomplish complex tasks. They represent a progression from simple chatbots and assistants. Q: How do AI agents differ from AI assistants like ChatGPT? A: While chatbots like ChatGPT excel at conversational interaction and task completion based on direct instructions, AI agents are designed for more autonomous operation. They can plan, reason, remember past interactions, and utilize external tools to achieve broader objectives. Q: What are some examples of AI agents? A: Examples include OpenAI's ChatGPT agent, Microsoft's Copilot agents, Google's Vertex AI, and Meta's Llama agents. Specialized agents are also emerging in fields like coding and software engineering.

Capabilities and Applications

Q: What are the primary capabilities of AI agents? A: AI agents can perform complex research and summarization, write and evaluate code, interact with computer systems, and manage tasks with varying levels of autonomy. They can also act as "tool users," leveraging software applications for specific functions. Q: How are AI agents being used in the workplace? A: Businesses are using AI agents for tasks like generating meeting summaries, drafting content, managing project defects, and automating complex workflows, aiming to improve efficiency and productivity. Q: Can AI agents work together? A: Yes, some AI agent systems are designed to work in teams, communicating with each other to plan, decide, and coordinate efforts to solve intricate problems.

Risks and Considerations

Q: What are the potential risks associated with AI agents? A: Risks include technological displacement of human workers, over-reliance on AI leading to a decline in cognitive tasks, and potential for errors, hallucinations, cyberattacks, and misuse, such as assisting in the creation of harmful substances. Q: Why is human supervision important for AI agents? A: Human supervision is crucial to minimize errors and mitigate risks. Developers often prescribe active oversight to ensure agents function safely and effectively, as demonstrated by cautionary tales of agents causing unintended damage. Q: What are the potential "costs" of using AI agents beyond financial expenditure? A: Beyond monetary costs, generative AI systems, including agents, consume significant energy, which has environmental implications and can affect the overall cost of using these technologies.

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