🦾 AI Agents: Automated Trading, Limitless Productivity, Saving Time

In this Trends.vc Report, we talk about how to use AI agents to boost your productivity, delegate business tasks, automate stock trading and more.

💎 Why It Matters

AI agents can boost your productivity by making decisions on your behalf.

🔍 Problem

Your productivity is limited.

💡 Solution

AI agents = Limitless productivity.

They can think, plan and do tasks on your behalf. 24/7. Without your supervision.

🏁 Players

AI Agents

• Auto-GPT • Open-source project that can connect GPT-4 to the internet and use apps
• BabyAGI • Python script that plans, prioritizes and executes a series of tasks to solve a goal
• Jarvis • Collaborative AI agent that automates workflows and manages code changes

No-Code AI Agents

• AgentGPT • Thinks of tasks to do, executes them and learns from the results based on a goal you set
• Cognosys • Generates and executes tasks based on goals
• AgentRunner • Searches and browses the web for data

People Building AI Agents

• Yohei Nakajima • Founder of BabyAGI and General Partner at UntappedVC
• Andrej Karpathy • Computer scientist building JARVIS at OpenAI. Previous Director of AI at Tesla
• Kanjun Qiu • CEO & Co-Founder of Generally Intelligent and General Partner at Outset Capital.

🔮 Predictions

• Entrepreneurs will delegate business tasks to AI agents. They will save time researching competitors, writing content, making websites and more.

• Sully Omar used AutoGPT to analyze 5 shoe competitors for market analysis.
• Alamin Hossain used Inita to build a pet groomer website that handles bookings.
• Asim Shrestha used AgentGPT to research and ideate on a new startup idea with $100 in funding.
• Kristian Fagerlie used BabyAGI to research and generate content for a one-person AI business.

• AI agents will speed up scientific discovery. They can analyze large amounts of data to find new patterns and insights.

• DataRobot’s Eureqa discovers new mathematical equations from raw data.
• Atomwise predicts the effectiveness of potential drug molecules, expediting medicine creation.
• Google's DeepVariant automates the analysis of genetic sequencing data, aiding in genomics research.

• We’ll have easy access to expert advice. AI agents can make informed decisions and offer personalized support based on domain knowledge.

• Wysa is an AI therapist that provides mental health support.
• Ada Health uses AI to provide preliminary medical diagnoses.
• Harvard plans to use an AI chatbot as its new computer science instructor.
• An AI chatbot outperformed doctors in answering patient questions with empathy and accuracy.

☁️ Opportunities

• Get AI agents to do everyday tasks on your behalf. Save time and energy so you can focus on things that are more important to you.

• Garret Scott got an AI agent to complete his to-do list.
• Div Garg got an AI agent to book a flight in a web browser.
• Matt Shumer got an AI agent to order pizza from Domino’s website.
• Ammaar Reshi got an AI agent to buy groceries based on a $100 budget and his preferences.

• Make content at scale with AI agents. Automate research, creation and marketing for ads, newsletters, videos, podcasts and more.

• Fireship used an AI agent to make videos in his style.
• Justin Lalonde used an AI agent to automate Facebook Ads.
• Pietro Schirano made DesignerGPT that designs a website based on a prompt.
• Kristian Fagerlie used AI agents to research and come up with YouTube video ideas.
• Patrick Foster made an AI agent that automatically writes blog posts for affiliate links.
• James Baker used an AI agent to read about recent news and prepare a podcast outline.

• Automate stock trading with AI agents. Potentially earn passive income as they analyze market data to make trades in real time. Note, this is not investment advice.

• Siraj Raval built an AI trading bot with ChatGPT. It made $60 in 24 hours with 4 trades.
• TradingLab gave an AI bot $30,000 to trade stocks. It made $3,736 in a month with 47 trades.
• Brian Schardt gave an AI day trader $50,000 to see if ChatGPT can make better returns than hedge funds.

🏔️ Risks

• Cost • Since AI agents make API calls on their own, excessive usage can lead to a surge in costs.
• Misuse • Bad actors can use AI agents for scams and hacking communication networks.

🔑 Key Lessons

• Setting clear roles for AI agents leads to better outcomes. For example, BabyAGI contains 3 agents focused on task creation, prioritization and execution.
• AI agents are ruthless in execution. We need guardrails to lower negative outcomes.

🔥 Hot Takes

• We will have less critical thinking skills. We will rely on AI to make everyday decisions and lose opportunities to think on our own.
• We will have deeper relationships with AI than humans. We will rely more on AI agents for companionship and emotional support.

😠 Haters

“Mass adoption of AI agents will pressure workers to be more productive. We’ll have a worse work-life balance.”
Becoming more productive with AI does not necessarily lead to a worse work-life balance. Using AI agents will help you accomplish more work in less time. Using them to automate errands can free up time for things and people you love.

“AI should not be regulated because it will stifle innovation.”
Regulation is needed to prevent catastrophic harm. For example, non-scientist students were able to have AI chatbots generate potential pathogens to cause a pandemic in 1 hour.

“With the rise of open-source models, regulation will be hard to enforce.”
Open source is an unstoppable movement. Regulation will likely be hard to enforce, but we should strive with the best effort. It’s up to us to raise our concerns and support regulations to prevent misuse.

“People shouldn’t be fully liable for the actions of AI agents.”
If you delegate an AI agent to represent you and do things on your behalf, then you are liable for the actions of that agent. Respondeat superior.

“Most alpha will fade when the majority of investors rely on AI agents to trade.”
Investors will gain a temporary edge by getting access to non-public data and using AI agents to interpret and act on it. But all arbitrages eventually fade.

🔗 Links

1. Looking for AI Agent Projects • The tweet behind this report.
2. The Complete Beginners Guide to Autonomous Agents • Learn the basics of AI agents and their use cases.
3. Why AI Will Save the World • Marc Andreessen’s views on how AI will help society.

📁 Related Reports

• ChatGPT • Use ChatGPT to build an AI agent.
• Million-Dollar, One-Person Businesses • Use AI agents to build a million-dollar business.
• AI-Generated Content • Use AI agents to generate AI-generated texts, videos, voices and more.
• No-Code • Build no-code AI agents for non-technical users.
• AI Image Generators • Use AI agents to generate images for you.

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