Core Viewpoint - The article discusses the evolution of the content industry from efficiency to emotional engagement, emphasizing that AI will not replace creators but will enhance their value through interactive and imaginative content creation [4][5][51]. Group 1: Company Overview - Jinqiu Fund is the lead investor in the Series A financing of Xiangfa Liu, focusing on long-term investments in groundbreaking AI startups [5][8]. - Xiangfa Liu, founded in 2023, aims to build an AI co-creation content universe where users actively participate in creating characters, worlds, and stories [6][8]. - The core product "Zao Meng Ci Yuan" (Dream Dimension) has over 10 million users and an average daily interaction time exceeding 100 minutes, making it one of the most engaged AI content platforms [7][9]. Group 2: Interactive Content Ecosystem - The interactive content ecosystem primarily targets younger audiences, including teenagers and young adults, with a focus on storytelling rather than gameplay mechanics [16][18]. - The main challenge in this ecosystem is the insufficient content supply, which limits the engagement of younger users [19]. - AI advancements, particularly in large language models (LLMs) and multi-modal content, are transforming user interactions and enabling imaginative content creation [21][22]. Group 3: Monetization and IP Development - Creators on the platform can earn revenue through various means, including direct tips, subscriptions, and merchandise sales, with a focus on developing characters into influential IPs [23][25]. - The platform emphasizes the importance of continuous content creation around a single IP to build a rich narrative universe, enhancing user engagement and emotional connection [27][26]. - The shared ownership model of IP between the platform and creators fosters a collaborative environment for content development [28]. Group 4: Future Directions and Innovations - The company is focused on developing tools that lower the barrier for creators, allowing them to produce high-quality content with minimal technical skills [36][37]. - Upcoming features include innovative gameplay mechanics and the ability to convert user interactions into music and short films, expanding the creative possibilities [44][45]. - The strategic integration of tools, content platforms, and IP development is seen as a holistic approach to building a sustainable content ecosystem [47][49].