PANews reported on June 8th that Alibaba announced today the merger of its Tongyi Large Model Business Unit and Future Living Lab to form the Token Foundry Business Unit, directly overseen by Group CEO Wu Yongming. It is understood that this restructuring involves a number of AI businesses. Zhou Jingren will serve as Alibaba's Chief Scientist, leading the establishment of the Alibaba AI Future Research Institute, focusing on the exploration and breakthroughs of cutting-edge AI technologies. Zheng Bo will lead Happy Horse, Happy Oyster, and other companies to join the Token Foundry Business Unit.