Key Facts

• Virtuals has expanded its focus beyond gaming-focused AI agents and is now building infrastructure for what it calls an "agent society," which Teng believes will enable AI agents to handle economic activity with increased autonomy.
• The next phase of AI agents may be less about chat and more about earning, spending, and coordinating, as they increasingly handle economic activity without constant human oversight.
• Teng believes that robotics will eventually merge with digital agent economies, representing a significant shift in the role of AI in economic activity.
• The increasing autonomy of AI agents creates new risks around mistakes, fraud, and accountability, highlighting the need for careful consideration of the implications of this development.
• Virtuals sees itself building a decentralized alternative to agent ecosystems being explored by traditional financial institutions, potentially offering a new approach to the integration of AI in economic activity.