Samsung still supports the Gear S3 (2016) and Gear Sport (2017) smartwatches. These two (well, more than two as there are several versions of the S3) are getting new update that is currently rolling out in South Korea and the US and should reach other markets in short order.
The update brings the Bixby assistant, you can ask it questions or tell it to perform certain actions (e.g. start an exercise or control Spotify). These watches originally launched with S Voice, but Samsung will shut that down on June 1, so this update comes just in time.
Additional changes include showing icons on the homescreen for apps running in the background. A tap will open the selected app, which really helps multitasking on such a tiny screen. Also, the icon order customization in the Quick panel has been reworked.
Samsung Gear S3 (classic/frontier) and Gear Active get Bixby, UI improvements
The legibility of the Always On Display has been improved in battery saving mode and while the watch is charging. The Timer and Stopwatch apps have gotten a UI polish as well. Finally, new emojis have been added and the watches should be better at recognizing sleep mode.
The new software version of the Samsung Gear S3 classic and frontier watches is R76*XXU2FTD4, the Gear Active is getting R600XXU1CTD3.