10 AI News That Broke the Internet

3. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA) AI across several applications, including chatbots for customer service, NLP and machine learning for text analysis and model development, and advanced tools like AI translation and text-to-video creation.

South China Morning Post reported that Alibaba Group has restructured its AI teams by separating the development of its chatbot, Tongyi Qianwen, from its large language model (LLM) research. The AI chatbot team will now operate under the Intelligent Information Platform, which focuses on consumer-facing products like the UC Browser and Quark search engine. Meanwhile, the LLM research division, Tongyi Lab, will remain part of Alibaba Cloud, dedicated to fundamental research and supporting specific products. This move reflects Alibaba’s efforts to boost consumer AI products and keep pace with the competitive AI market in China.