Summary
- Alibaba reported that it has officially established the “Alibaba Token Hub” business group, an organization that consolidates its artificial intelligence (AI)-related businesses.
- It said the organization includes the Tongyi Lab, AI Model-as-a-Service (MaaS), the development organization for the Qwen large language model, the AI applications unit Wukong, and an AI innovation unit.
- It added that on the news, Alibaba shares rose about 3% in U.S. premarket trading.
Forecast Trend Report by Period
Alibaba has newly launched the “Alibaba Token Hub,” an organization that consolidates its artificial intelligence (AI)-related businesses.
According to BlockBeats, a cryptocurrency-focused media outlet, on the 16th Alibaba officially established the “Alibaba Token Hub” business group. The organization will be directly overseen by Alibaba CEO Eddie Wu.
The Alibaba Token Hub includes the Tongyi Lab, the AI Model-as-a-Service (MaaS) business, the development organization for the Qwen large language model, the AI applications unit Wukong, and an AI innovation unit.
The organization is said to be structured to cover the full spectrum of AI technologies—from foundation-model R&D to a model-service platform and AI applications for individuals and enterprises.
Following the news, Alibaba shares were up about 3% in U.S. premarket trading.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
