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Mayfly collaborated with the MUCUDU team to build a low-code MVP for their hospitality tech platform, which includes loyalty management, peer-to-peer monetary gifting, and Tab functionality.
Beyond the standard integrations with Stripe, Apple, and Google for login and payments, we incorporated advanced integrations with Point of Sale systems like Doshii and AI-driven recommendations that personalize the dining experience.
As artificial intelligence continues to evolve, terms like AI agents, chatbots, and virtual assistants are often used interchangeably. However, while they share some similarities, each represents a distinct category of AI-powered technology with unique capabilities and applications. Understanding the differences can help businesses and individuals choose the right solution for their needs.
Let’s break down how AI agents, chatbots, and virtual assistants differ in their functionality, scope, and impact.
What Are Chatbots?
Chatbots are software applications designed to simulate human-like conversations. They are often rule-based, using pre-set scripts to respond to specific inputs, or powered by AI models like GPT to handle more dynamic interactions.
Common Use Cases:
Key Features:
Example:
A chatbot on an e-commerce site might answer, “Where is my order?” by fetching tracking details from a database.
What Are Virtual Assistants?
Virtual assistants are AI-powered tools designed to help users with personal productivity tasks. They’re more advanced than chatbots and can perform actions like managing schedules, setting reminders, and sending emails.
Common Use Cases:
Key Features:
Example:
Apple’s Siri or Google Assistant can set a reminder like, “Remind me to call John at 3 PM,” but they won’t proactively decide to call John for you.
What Are AI Agents?
AI agents are intelligent systems capable of performing tasks autonomously. Unlike chatbots and virtual assistants, AI agents are goal-oriented, meaning they take initiative to accomplish objectives, make decisions, and adapt to new information.
Common Use Cases:
Key Features:
Example:
An AI agent in HR might autonomously manage the hiring process by screening candidates, scheduling interviews, and generating shortlists based on predefined criteria—without requiring constant human oversight.
While chatbots and virtual assistants are useful tools, AI agents are the future of automation. Their ability to take initiative, learn from interactions, and solve industry-specific problems makes them indispensable in industries like healthcare, logistics, HR, and beyond.
At Mayfly Ventures, we’re helping businesses build AI agents that don’t just answer questions but drive real results. Whether you’re looking to streamline workflows, improve efficiency, or revolutionize your industry, AI agents are the solution you’ve been waiting for.
Ready to explore how AI agents can transform your business? Let’s chat.
We’re a team of engineers, designers and venture builders. We partner with industry experts to build and launch AI and software ventures.
We combine your insight and network with our proven playbook and venture building expertise to turn bold ideas into globally scalable products.
We back ventures with capital. With skin in the game our support goes far beyond deliverables, we’re an invested partner in your success.
Here to support from idea conception, to commercialisation and well beyond launch.
You're an industry insider with a deep understanding of the pain points and inefficiencies in your sector which are prime for AI disruption.
You have the network to access early adopters locally with the conviction to scale globally.
You are looking for a partner experienced in launching tech ventures to guide you the process of building, launching and scaling an Al platform to transform your industry.