New Delhi. It’s no secret that the tech industry is going through turmoil and a lot has been written about it over the past few months. Companies across the globe are taking some drastic measures to reduce costs and cope with the current economic conditions. While companies such as Amazon, Google, Meta, Twitter and Salesforce announced massive layoffs, others are looking for various ways to cut costs. Tech giant Samsung has also taken some innovative steps in view of the recent condition of the industry.
Samsung reduced salary hike of employees Last year, the company had agreed to give nine per cent average salary hike to its employees. However, this year the salary of Samsung employees will increase by an average of 4.1 per cent. Apart from this, the tech giant has also put a freeze on the increase of its board members this year. A report in IANS suggests that the move comes after a ‘poor performance amid a worsening chip glut and a global slowdown’.
Meanwhile, Samsung’s 9 percent pay raise announced last year was the highest in a decade. However, the employees of the company demanded a 16 per cent wage hike after the company recorded its revenue. The company then reached an agreement with its employees’ representatives on wages and other labor policies, including reducing working hours for pregnant employees.
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Samsung’s focus on AI Apart from this, it seems that Samsung is also focusing on the development of AI and is keen to use the upcoming technology to its best advantage. It was recently reported that Samsung may be developing an in-house AI service similar to ChatGPT to assist its employees with coding tasks and increase their productivity. The news came after reports of Samsung employees being told not to enter sensitive information into ChatGPT.
The AI service is expected to be available exclusively for internal use, allowing Samsung to monitor and maintain security. An earlier report by The Economist Korea suggested that several employees of Samsung’s semiconductor business in Korea allegedly ‘leaked’ sensitive information to ChatGPT, raising concerns about data security. After initially banning ChatGPT on its servers, Samsung allowed employees access to the chatbot to gauge its reception. However, in light of the leaked information, the company is said to be considering reintroducing the ban.
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While it is rumored that Samsung is developing an internal AI service, there has been no official confirmation of its existence or development timeline. Samsung has already incorporated Bixby, an AI service similar to Google Assistant and Siri, into its smartphones and other electronic devices. It remains to be seen whether the company plans to expand its AI offerings beyond consumer products and into internal corporate devices.
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