Alibaba forms new AI-focused business group [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
Alibaba Group (NYSE:BABA) has created a new business group dedicated to artificial intelligence, the company said on Monday, as it looks to accelerate adoption of its Qwen AI models and strengthen integration across its consumer and enterprise products. The new unit, called Alibaba Token Hub (ATH) Business Group, will be led directly by Alibaba CEO Eddie Wu, according to a company press release. ATH will bring together multiple AI teams, including Tongyi Laboratory, which develops multimodal foundation models; the MaaS Business Line, which builds AI technical infrastructure; the Qwen Business Unit, responsible for a personal AI assistant; the newly formed Wukong Business Unit, focused on an AI-native work platform for enterprises; and the AI Innovation Business Unit, which explores emerging AI applications. “ATH is built around a single organizing mission: create tokens, deliver tokens, and apply tokens,” Wu said in an internal letter shared in the release. He added the group's
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