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Transformers are powerful models used for natural language processing tasks, such as chatbots. They use self-attention to analyze input text and generate responses based on the input sequence. Transformers Agent is a computer program that utilizes transformers to perform tasks, such as fetching flight schedules and prices. It offers developers the ability to provide a description of the task they want the language model to perform. Some benefits of using Transformers Agent include its versatility and ease of use.