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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Amazon AGI Labs chief defends his reverse acquihire
30 May 2025, Bavaria, Munich: The logo and lettering of global online mail order company Amazon can be seen on the façade of Amazon Germany's headquarters in Parkstadt Schwabing in Munich (Bavaria). Amazon.com, Inc. is a listed US-American, globally active online mail order company. In Germany, the Group is one of the US companies with the highest turnover. Photo: Matthias Balk/dpa (Photo by Matthias Balk/picture alliance via Getty Images) | Image Credits:Matthias Balk/picture alliance / Getty Images When Amazon hired the founders of AI startup Adept last year, it was one of the first examples of what became known as a reverse acquihire — a deal where a large company hires key startup team members and licenses its technology, rather than acquiring the startup outright.
Adept’s co-founder and former CEO David Luan subsequently became the head of Amazon’s new AGI Lab, and while Luan’s recent interview with The Verge is ostensibly focused on Amazon’s vision for AI agents, reporter Alex Heath also asked him about the reverse acquihire trend.
Luan replied that hopes to be “remembered more as being an AI research innovator rather than a deal structure innovator,” — but from his perspective, it’s “perfectly rational” for companies like Amazon to “put together critical mass on both talent and compute right now.”
As for why he was willing to leave his startup for Amazon, Luan said he wasn’t interested in turning Adept into a “an enterprise company that only sells small models,” because he wanted to solve “the four crucial remaining research problems left to AGI.”
“Every single one of them is going to require two-digit billion-dollar clusters to go run it,” he said. “How else am I […] going to have the opportunity to go do that?”
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