Python AGNO Memory Agent provides a structured approach to agent memory by organizing memories via an AGNO framework. It leverages embedding models to convert textual memories into vector representations and stores them in configurable vector stores like ChromaDB, FAISS, or SQLite. Agents can add new memories, query relevant past events, update outdated entries, or delete irrelevant data. The library offers timeline tracking, namespaced memory stores for multi-agent scenarios, and customizable similarity thresholds. It integrates easily with popular LLM frameworks and can be extended with custom embedding models to suit diverse AI agent applications.