Core Viewpoint - The establishment of the "CMC AI Creative Fund" marks a strategic extension into the AI sector, focusing on generative AI applications in the creative industry, and signifies a shift in AI investment from foundational models to application layers [3][12]. Group 1: Fund and Investment Strategy - CMC Capital and HKIC have jointly created the "CMC AI Creative Fund" and led a $130 million Series B financing round for LiblibAI, the largest multimodal model and creative community in China, representing the largest AI application investment this year [3][6]. - The fund aims to leverage Hong Kong's international data environment and creative industry foundation to establish the city as a GenAI innovation hub in Asia, integrating resources from both CMC Capital and HKIC [6][12]. - CMC Capital has expanded its investment portfolio over the past decade into various sectors, including AI, and aims to support high-potential teams in achieving scalable commercial success through systematic investments [11][12]. Group 2: LiblibAI Overview - LiblibAI, established at the end of 2023, has become China's largest multimodal model and creative community, integrating capabilities across images, videos, and 3D, and has incubated over 20 million AI creators [9]. - The platform's unique strategy combines tool integration with a community ecosystem, allowing it to stand out in a landscape where AI foundational models are becoming increasingly similar [9][10]. - The upcoming release of LiblibAI 2.0 will enhance its video generation capabilities and support professional-grade effects, providing a comprehensive AI video production experience [9]. Group 3: Industry Impact and Future Directions - Generative AI technology is undergoing revolutionary breakthroughs, offering significant opportunities for efficiency, experience enhancement, and restructuring production relationships in the creative industry [11]. - The collaboration between CMC Capital and HKIC aims to create successful AI application cases in Hong Kong's cultural and creative sectors, attracting global enterprises and young talent [12]. - Future focus areas for the "CMC AI Creative Fund" include generative AI software, AI hardware, and AI-enabled international expansion, promoting deep integration of technology, scenarios, and ecosystems [12].