What exactly is an AI agent, and how will agents change the way we work? In this episode, a16z general partners Erik Torenberg and Martin Casado sit down with Aaron Levie (CEO, Box) and Steven Sinofsky (a16z board partner; former Microsoft exec) to unpack one of the hottest debates in AI right now. They cover: - Competing definitions of an “agent,” from background tasks to autonomous interns - Why today’s agents look less like a single AGI and more like networks of specialized sub-agents - The technical challenges of long-running, self-improving systems - How agent-driven workflows could reshape coding, productivity, and enterprise software - What history — from the early PC era to the rise of the internet — tells us about platform shifts like this one The conversation moves from deep technical questions to big-picture implications for founders, enterprises, and the future of work. Timecodes: 0:00 Introduction: The Evolution of AI Agents 0:36 Defining Agency and Autonomy 1:39 Long-Running Agents and Feedback Loops 4:27 Specialization and Task Division in AI 6:04 Anthropomorphizing AI and Economic Impact 9:10 Predictions, Progress, and Platform Shifts 11:31 Recursive Self-Improvement and Technical Challenges 13: 13 Hallucinations, Verification, and Expert Productivity 16:16 The Role of Experts and Tool Adoption 22:14 Changing Workflows: Agents Reshaping Work Patterns 45:55 Division of Labor, Specialization, and New Roles 48:47 Verticalization, Applied AI, and the Future of Agents 54:44 Platform Competition and the Application Layer Resources: Find Aaron on X: https://x.com/levie Find Martin on X: https://x.com/martin_casado Find Steven on X: https://x.com/stevesi Stay Updated: Let us know what you think: https://ratethispodcast.com/a16z Find a16z on Twitter: https://twitter.com/a16z Find a16z on LinkedIn: https://www.linkedin.com/company/a16z Subscribe on your favorite podcast app: https://a16z.simplecast.com/ Follow our host: https://x.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details, please see a16z.com/disclosures.