AI agents failed at real-world consulting tasks — but Mercor's CEO says they're still on track to replace consultants

Brendan Foody, the CEO of Mercor, said an IPO could be on the horizon.

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• New research from Mercor found AI agents failed at real-world consulting tasks.
• The AI models struggled with long-horizon and multi-step tasks, CEO Brendan Foody said.
• Foody said the models are improving so quickly that they could still replace human consultants soon.

New research suggests an AI agent can't fully replace a human consultant — at least for now.