Can you really make money with automated trading?

I'm curious, can you really make money with automated trading? It seems like there's a lot of hype around it, but is it really possible to turn a profit consistently with automated trading bots? How do they work, and what kind of strategies do they use to make money in the market? Also, are there any risks associated with automated trading that investors should be aware of? I'd love to hear your thoughts on this.