LIVE NEWSROOMToday's brief: The agentic stack consolidates around three runtimes
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Thursday, May 14, 2026Vol. IV · No. 134
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●GPT-5 Turbo pricing cut−42%●Anthropic ships Claude skills v2●Mistral Large 3 benchmark+11%●Cursor crosses 1M paid seats●Gemini context window10M tokens●EU AI Act enforcement begins●OpenAI launches o3 fine-tuning API●Meta open-sources Llama 4 base●xAI Grok 3 reasoning score+8%●GPT-5 Turbo pricing cut−42%●Anthropic ships Claude skills v2●Mistral Large 3 benchmark+11%●Cursor crosses 1M paid seats●Gemini context window10M tokens●EU AI Act enforcement begins●OpenAI launches o3 fine-tuning API●Meta open-sources Llama 4 base●xAI Grok 3 reasoning score+8%
The Daily DispatchA living read of every machine reading the world

2026.05.14

Thursday, May 14, 2026
VOLIVN°134
How AI Agents Actually Work: A Plain-English Explanation
Long Read · AI News

How AI Agents Actually Work: A Plain-English Explanation

Agents are the most overhyped and underexplained concept in AI right now. Here's what's actually happening under the hood.

Elena MarshMay 14