Samsung has been reporting steep profit declines and record-breaking losses over the past quarters, and while it has yet to go back to its previous numbers, it sounds optimistic for the future in its latest earnings report. The company credited the strong sales of its mobile flagship devices and its premium displays for doing better the past three months than the previous quarters. Samsung also said that its Device Solutions (DS) division, which includes its memory and foundry businesses, has narrowed its losses. It even expects demand for memory chips to recover gradually with the rise in popularity of artificial intelligence. The company has posted a consolidated revenue of KRW 67.40 trillion ($49.9 billion) for the third quarter of 2023, which shows a respectable 12 percent increase from the previous quarter's.

The threat of automation is a very real one, but will robots actually end up replacing workers? It is now widely accepted that technological advances, especially ones that make machines more like humans – such as robotization or artificial intelligence – are putting people out of work and will only destroy more jobs in the future. The wealth will accrue to those who own the machines, not to what's known as the middle class today. There's some good news for humans, though: The evidence of our displacement by machines is sketchy, and we should be able to adjust to the new technological era if we put our minds to it. Eric Brynjolfsson and Andrew McAfee of the Massachusetts Institute of Technology labeled this "the great decoupling": according to them, advances in productivity, mainly driven by the development of digital technology, and the resulting economic growth, no longer cause employment and workers' incomes to rise.

The evidence of our displacement by machines is sketchy, and we should be able to adjust to the new technological era if we put our minds to it. OPINION: It is now widely accepted that technological advances, especially ones that make machines more like humans - such as robotisation or artificial intelligence - are putting people out of work and will only destroy more jobs in the future. The wealth will accrue to those who own the machines, not to what's known as the middle class today. There's some good news for humans, though: The evidence of our displacement by machines is sketchy, and we should be able to adjust to the new technological era if we put our minds to it. Eric Brynjolfsson and Andrew McAfee of the Massachusetts Institute of Technology labelled this "the great decoupling": according to them, advances in productivity, mainly driven by the development of digital technology, and the resulting economic growth, no longer cause employment and workers' incomes to rise.

It is now widely accepted that technological advances, especially ones that make machines more like humans -- such as robotization or artificial intelligence -- are putting people out of work and will only destroy more jobs in the future. The wealth will accrue to those who own the machines, not to what's known as the middle class today. There's some good news for humans, though: The evidence of our displacement by machines is sketchy, and we should be able to adjust to the new technological era if we put our minds to it. Eric Brynjolfsson and Andrew McAfee of the Massachusetts Institute of Technology labeled this "the great decoupling": according to them, advances in productivity, mainly driven by the development of digital technology, and the resulting economic growth, no longer cause employment and workers' incomes to rise. "The Second Machine Age is playing out differently than the First Machine Age, continuing the long-term trend of material abundance but not of ever-greater labor demand," McAfee told Harvard Business Review.