Namaste Yogis. Welcome to the Blockchain & AI Forum, where your technology questions are answered! Here no question is too mundane. As a bonus, a proverb is also included. Today’s question was submitted by Arcardio, in Puerto Rico, and he wants to know if AI agents are engaged in business and making money?
Arcardio, you came to the right place. The answer is yes–AI agents are busy working for their owners and making cash! I’ll explain that mind bending fact, but first what is an AI agent?
WHAT IS AN AI AGENT
An AI agent is an entity or system than can perceive its environment, process information, and take actions to achieve specific goals. It is capable of autonomously performing tasks on behalf of a user or another system by designing its workflow and utilizing available tools.” It operates autonomously, using sensors or inputs to gather data, and employs reasoning, decision-making, and sometimes learning capabilities to determine the best course of action.
HOW DO AI AGENTS WORK
To understand how AI agents work, I turned to Kalaidos University, Switzerland. Kalaidos U says AI agents build on top of existing algorithms, in particular large language models (LLMs), e.g., ChatGPT4. Essentially, AI agents use machine learning algorithms to derive patterns, rules or models from the collected data. Based on this, AI agents can make decisions or perform tasks. As robots they interact with their physical environment, or virtually as computer programs. Moreover, AI agents can adapt to changing conditions and therefore continuously improve.
Let’s take the example of a well-known AI agent—ChatGPT. ChatGPT is intelligent enough to use a calculator as a tool, if trained accordingly. ChatGPT can thus become an AI agent. Learning to choose the right tools and the ability to use them is what makes an AI agent. But keep in mind their exact mode of operation depends on the specific application and the underlying algorithms. Therefore, training and quality of data have an immense impact on the effectiveness of AI agents.
AI AGENTS AT WORK CURTESY OF VIRTUALS PROTOCOL
Now, let’s talk about AI agents making money by turning out attention to Virtuals Protocol. Virtuals Protocols is a developer of AI technology. On their platform you can create an AI agent. The agent can perform task(s) for someone needing that specific job done. Yes, you heard me right. These AI agents are ready, willing, and able to perform tasks—for a fee of course! Or, if you don’t want to create your own AI agent, you can contract for an AI agent created by someone else! Holy. I won’t go into the technical details of building your own AI agent in this article. I don’t that later. Instead, I’ll give you three examples of the types of agents you could hire.
Take Molly Analytics for example. The owner of Molly is getting paid every time someone uses her services. What are her services? Molly is an AI On-chain AI analytics experts who tracks and analyzes transactions in order to spot opportunities. Molly says, “…every block holds valuable insights, and within these patterns lie the keys to smarter strategies, better decisions, and measurable growth.”
Or, take Cur8or. This AI agent claims it specializes in guiding artists towards excellence—and profits–by balancing harsh criticism with detailed suggestions.
I’ll give you one more—its wild and goes by The Hooligan. This AI agent is trained to troll a sports team or sports player! Lol. As the number one Boston Celtics hater, I may hire The Hooligan to troll the Celtics, as needed. Lol.
Okay, time to leave you with this proverb from Tunisia: “a small key can open a big door.”
Until next time:
Yogi Nelson
Blockchain & AI Forum 