Alibaba Consolidates AI Labs into Token Foundry Unit, Plans $56.1B Investment

According to South China Morning Post, Alibaba Group Holding on June 8 consolidated its Tongyi Lab and Future Life Lab into a new AI unit called Token Foundry under chief executive Eddie Wu Yongming. Alibaba plans to invest 380 billion yuan ($56.1 billion) in AI and cloud infrastructure over three years, as the company reported triple-digit growth in AI-related product revenue for the 10th consecutive quarter in its March 2026 results.
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