Llama Lab is a repository for building LLM-powered projects using LlamaIndex. It includes llama_agi, an autonomous agent that creates and prioritizes tasks to achieve user-specified objectives using LangChain as a task executor. The repo also contains auto_llama, an AutoGPT-inspired project that searches and queries the internet to solve user tasks. Both projects leverage tool access including web search, webpage reading, and note-taking capabilities.