Alibaba merged its Tongyi Lab and Future Life Lab to create a new unit called Token Foundry. This division operates under the recently formed Alibaba Token Hub (ATH). Group CEO Eddie Wu will lead the unit directly to signal its strategic importance.
The reorganization aims to consolidate model-development teams and create revenue streams beyond e-commerce. AI architect Zhou Jingren will serve as chief scientist for the new AI Future Research Institute. He will focus on developing next-generation technology.
Cloud computing revenue increased 38% in the most recent quarter. Alibaba attributes this growth to the increasing commercialization of artificial intelligence.