Eliza, an early AI agent, could mimic a therapist by reflecting user statements. Today, AI agents can control smart-home devices, monitor health metrics, and suggest lifestyle changes. Major companies like Microsoft, Google, and IBM are integrating AI to automate tasks and enhance customer experiences. Google Cloud recently launched Gemini Enterprise, a unified AI platform for the workplace.

McKinsey reports that agentic AI could revolutionize the shopping experience, potentially generating trillions in revenue by 2030. Companies need to adapt to this new paradigm to meet consumer expectations and redefine industries. However, Gartner warns that over 40% of agentic AI projects may be canceled due to escalating costs and unclear business value.

JPMorgan CEO Jamie Dimon believes AI could be as transformative as major technological inventions of the past. Venture capital investment in agentic AI has tripled, but Gartner cautions about the risks of misapplication and failed initiatives. Business leaders should focus on use cases where agentic AI creates measurable value and evaluate if traditional automation techniques may be more suitable. 1. The stock market experienced a sharp decline today, with the S&P 500 dropping by 3.5% and the Dow Jones Industrial Average falling by 800 points. This marks the biggest single-day drop in the stock market in over a year.

2. In international news, tensions between Russia and Ukraine continue to escalate as Russian troops amass near the Ukrainian border. The United States and European Union have expressed concern over the situation, calling for a de-escalation of the conflict.

3. A new study released by the World Health Organization has found that the Omicron variant of COVID-19 is more transmissible than previous variants, leading to a surge in cases worldwide. Health officials are urging the public to get vaccinated and take precautions to prevent the spread of the virus.

Read more at Yahoo Finance: AI Agents radically changing the world, analysts say