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The Toronto-based cybersecurity company said monthly usage of its developer and AI security tools is up 200 per cent year-over-year, helping it hit US$500 million in annual recurring revenue. With “non-human” use of 1Password tools up 500 per cent from this time last year, it is launching a tool that lets AI agents sign into their owners’ online accounts for certain human-approved tasks, but blocks the agent from accessing or storing the account password. (The Logic)
Talking point: The news comes as RBC CEO Dave McKay said he was considering blocking Meta’s Muse agents from using customer information, following similar comments by the CEOs of JPMorgan Chase and Charles Schwab. BMO has also warned customers not to give their passwords to AI agents. 1Password plans to invest more in its unified access tool, which can work with both humans and AI agents, and partner with AI model makers like Anthropic and Meta to incorporate 1Password into more agentic workflows.
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