[Mysten Labs, the Developer of Sui, Establishes AI Business Division; President Kevin Boon to Assume Role of CEO] Evan Cheng, co-founder of Mysten Labs, the developer of Sui, announced in an open letter that the company has established an AI business division dedicated to developing 'intelligent agent trust' products and AI-native infrastructure. This division encompasses engineering, product development, and other functions, operating with a high degree of independence to reduce reliance on external resources. Additionally, Mysten Labs President Kevin Boon will take on the role of Chief Executive Officer, while Evan Cheng will continue to serve as Chief Technology Officer (CTO) and concurrently oversee the AI business division.