Alibaba has announced a significant restructuring, merging its Tongyi Large Model Business Unit with the Future Living Lab to create the Token Foundry Business Unit. This new unit will be directly overseen by Group CEO Wu Yongming and will encompass several AI-related businesses. Zhou Jingren has been appointed as Alibaba's Chief Scientist and will lead the newly established Alibaba AI Future Research Institute, focusing on advanced AI technology exploration. Additionally, Zheng Bo will manage the integration of companies such as Happy Horse and Happy Oyster into the Token Foundry Business Unit.