AIPYMNTSabout 2 hours ago
Alibaba CEO Takes Direct Control of New AI Business Unit
2 min read
Alibaba launched Token Foundry to unify Tongyi Lab and Future Life under Alibaba Token Hub. The unit operates under CEO Eddie Wu's direct leadership and focuses on AI tokens, Qwen, and enterprise AI. Wu stated AI now drives 30% of Cloud Intelligence Group revenue, set to exceed 50% in a year. The move signals commercialization beyond pilot phases.
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