According to a Bloomberg report, the company is creating a new unit, Token Hub, to consolidate AI efforts and boost profits.
Alibaba Group Holding (BABA) is reportedly consolidating its artificial intelligence operations under a single division, aiming to streamline its AI development and expand monetization efforts.
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According to a Bloomberg report, the move brings together the company’s research, consumer apps, and enterprise AI products.
The unit, called Alibaba Token Hub, will be led directly by CEO Eddie Wu and includes teams behind Alibaba’s flagship Qwen AI models, consumer-facing apps, and AI-powered enterprise solutions.
Alibaba stock traded over 2% higher in Monday’s premarket.
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