Alibaba Establishes Token Foundry to Reorganize AI Efforts
Alibaba established a new division called Token Foundry by merging the Tongyi Large Model Division and the Future Life Laboratory. The unit is directly supervised by Alibaba Group CEO Eddie Wu Yongming. Zheng Bo will lead the Happy Horse and Happy Oyster business teams into Token Foundry. Zhou Jingren was appointed as Alibaba's Chief Scientist and is leading the establishment of the Alibaba AI Far
Alibaba established a new division called Token Foundry by merging the Tongyi Large Model Division and the Future Life Laboratory. The Token Foundry division is directly supervised by Alibaba Group CEO Eddie Wu Yongming. Zheng Bo will lead the Happy Horse and Happy Oyster business teams into the Token Foundry unit. Zhou Jingren was appointed as Alibaba's Chief Scientist and is leading the establishment of the Alibaba AI Future Research Institute. According to edgen.tech, Alibaba's restructuring involves multiple AI businesses across its ecosystem, including cloud computing, logistics, and entertainment. According to edgen.tech, short selling in Alibaba's Hong Kong-listed shares reached $1.38 billion, or 13.8% of turnover, on the day of the announcement. According to edgen.tech, Alibaba Group shares fell 0.5% on the day of the announcement.
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