Alibaba Group establishes a new business unit, Token Foundry, as part of a company reorganization aimed at strengthening its artificial intelligence efforts and improving alignment across related teams. Multiple reports say the unit consolidates model-development work from Alibaba’s Tongyi Lab and Future Life Lab into a single organization. The new unit is also described as operating under Alibaba’s recently established Alibaba Token Hub. According to people familiar with the matter cited by one outlet, Token Foundry is led directly by CEO Eddie Wu Yongming. The reporting frames the move as part of Alibaba’s broader push to commercialize AI and structure its AI capabilities around a unified strategy. While the sources do not provide detailed product timelines, budgets, or staffing figures, they agree on the core elements of the announcement: the creation of Token Foundry, the joining of Tongyi and Future Life labs, the role of Token Hub in its structure, and CEO-led oversight.
Alibaba creates “Token Foundry” AI unit under CEO Eddie Wu
Alibaba Group establishes a new business unit, Token Foundry, as part of a company reorganization aimed at strengthening its artificial intelligence efforts and improving alignment across related team...
- Alibaba creates a new unit called Token Foundry as part of an internal reorganization.
- Token Foundry brings together Alibaba’s Tongyi Lab and Future Life Lab model-development teams.
- Token Foundry operates under Alibaba’s Alibaba Token Hub.
- CEO Eddie Wu Yongming leads Token Foundry directly, according to people familiar with the matter.
- The move is intended to support Alibaba’s broader AI commercialization and unified AI strategy.
Alibaba Group has formed a new business unit called Token Foundry as part of the company’s reorganization plan to strengthen its artificial intelligence (AI) efforts, Seeking Alpha reported Monday (June 8). Token Foundry will bring together Alibaba’s Tongyi Lab and Future Life business units; will operate under the company’s recently established Alibaba Token Hub; and […] The post Alibaba CEO Takes Direct Control of New AI Business Unit appeared first on PYMNTS.com.
2 months agoAlibaba Group Holding on Monday established a new unit called Token Foundry, consolidating key model-development teams as the Chinese technology giant steps up efforts to commercialise artificial intelligence and align its businesses around a unified AI strategy. The new division brings together Alibaba’s Tongyi Lab and Future Life Lab and will be led directly by CEO Eddie Wu Yongming, according to people familiar with the matter. Future Life Lab, previously housed within Taobao and Tmall Group,...
2 months ago
Visa expands cybersecurity support for clients as organizations adopt AI
Visa is expanding its support for clients and the payments industry to help organizations address cybersecurity challeng...
Hasbro discloses data breach affecting employees’ personal and financial information
Hasbro discloses that a cyberattack earlier this year resulted in unauthorized access to employee data. The company is n...
New York Nightclub Threatens Permanent Ban for Smart Glasses
A New York nightclub bans smart glasses from its dance floor and threatens anyone wearing them with a permanent ban. The...