Unitree’s Third-Quarter Net Profit Falls 17% to 112.69 Million Yuan
The Chinese robotics company attributed the decline to increased investment in AI systems designed to make robots perform more complex tasks.
By Tracy QuChinese robotics company Unitree reported a drop in third-quarter net profit, driven by increased investment in "brains" for robots--an artificial-intelligence system that allows them to perform more complex tasks.Net profit fell 17% to 112.69 million yuan, equivalent to US$16.90 million…