Evercore sees Grok Bot as undervalued AI agent opportunity

xAI launched Grok Bot on August 11, followed by Meta's Muse on September 8 and OpenAI's Dots on September 29. These AI agents operate continuously, accessing tools to complete tasks. While Evercore views Grok Bot as an undervalued opportunity, xAI's own documentation warns against using separate Bots as security boundaries. This trend marks a shift toward AI teammates capable of real work, though it raises critical questions regarding threat models and computer ownership.