Alibaba sets up new task force, led by CEO Eddie Wu, to focus on AI model development

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Alibaba Group Holding is forming a dedicated internal task force headed by CEO Eddie Wu Yongming in a bid to funnel greater resources into its foundational AI model development efforts.On Thursday, Wu said in a letter to members of the company’s artificial intelligence research lab Tongyi that the task force would “jointly coordinate group-wide resources to accelerate foundational model development”.“In technology, standing still means falling behind,” Wu said in the letter, which was provided...