Capital game in the LLM arena: Investor strategies and industry evolution through the case of “Dark side of the moon”
Nan Liang
Communication University of China
DOI: https://doi.org/10.59429/bam.v7i1.9560
Keywords: AI Large Language Models; Venture Capital Dynamics; Strategic Investment; Entrepreneurial Governance; Technological Ecosystems
Abstract
This study examines the intricate interplay between venture capital and strategic investment in China’s large language model (LLM) sector, utilizing the high-stakes case of “Dark Side of the Moon” (Yue Zhi An Mian) as a focal point. By analyzing investment strategies, governance frameworks, and post-funding trajectories, the research illuminates how divergent capital priorities influence technological innovation and market competition. The findings underscore the tension between short-term financial objectives and long-term ecosystem development, proposing adaptive governance models to harmonize these competing interests. This work contributes to theoretical discourse on AI entrepreneurship while offering actionable insights for crossstakeholder collaboration in capital-intensive technology sectors.
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