Sui developer Mysten Labs launches AI division; former CEO becomes CTO

Huoxing Finance reports that on October 17, Evan Cheng, CEO of Mysten Labs, the development team behind Sui, announced that the company will officially establish an AI business division focused on developing agent trust products and native AI infrastructure. Concurrently, Kevin Boon, President of Mysten Labs, will assume the role of CEO, while Evan Cheng will transition to Chief Technology Officer (CTO) and lead the new AI business division. Evan Cheng stated that as AI agents begin autonomously executing tasks such as trading, payments, negotiations, and code development, ensuring agents act within authorized boundaries, preventing unintended harm, and resolving liability issues among participating parties have become critical challenges for the industry. Mysten Labs plans to build related products on Sui and Walrus to help individuals and enterprises constrain agent behavior and enable agents to securely perform tasks without real-time human intervention. Additionally, Mysten Labs recently announced a collaboration with Google Cloud to develop a Verifiable Agent Arbiter (VAA), providing an evidence layer for enterprise AI agents through tamper-proof records to assist in resolving disputes in cross-organizational collaboration. Evan Cheng believes that AI agent-driven business activities hold tremendous potential, but trust mechanisms and incentive alignment remain the primary barriers to their scalable adoption.