Core Insights - Innovation Works and KUKA Robotics have signed a strategic cooperation agreement to jointly develop next-generation intelligent industrial robot systems and robotic arms based on Innovation Works' AInnoGC industrial model [1] - This collaboration marks a significant move for Innovation Works in the industrial robotics sector, promoting the integration of industrial automation and intelligence [1] Company Overview - Innovation Works was established in 2018 and is incubated by Innovation Works under Kai-Fu Lee, focusing on enterprise-level AI solutions and "AI + manufacturing" solutions [1] - The company has not yet achieved profitability, with adjusted net losses of 142 million, 138 million, 154 million, and 117 million yuan from 2021 to 2024 respectively [1] - Despite the losses, the company aims to continue investing heavily in research and development to become a leading player in intelligent industrial robotics for the manufacturing sector [1]