CEO Satya Nadella recently the tech industry was unforgiving to companies that do not adapt to change. Microsoft said Apparently, never received that message, which cost the company billions in its market cap after investors punished it for not taking its competition seriously enough, particularly , which has been team blue's apparent monopoly in the personal computers industry. Intel AMD slowly eroding Team blue its earnings this past week, and the results both shocked and underwhelmed investors who responded by wiping off of the company's market value and creating a new headache for CEO Pat Gelsinger, who himself took the helm just a couple of years ago to help Intel . laid bare $8 billion course correct Results showed that the company $14 billion in fourth-quarter 2022 revenue, down 32% year over year, and posted a net loss of $664 million, or 16 cents per share, for the closing months of 2022, sliding into the red territory after booking a profit of $4.62 billion, or $1.13 per share, in the same quarter of 2021. generated Full-year 2022 results weren't any better: revenue dropped 20% year-over-year to $63.1 billion, while profit was down a whopping 60% to $8 billion, or $1.94 per share. Most alarming though was the drop in revenue in Intel's Client Computing Group, or CCG, a business unit that is responsible for producing desktop processors, such as the recent 13th Gen line of products. And well, we'll just let the results do the talking… Could one really blame Intel for AMD seriously enough? It's true that AMD had from the personal computers industry during the early 2000s to late 2010s period for failing to invent functional products, but it's also true that Intel got lazy after becoming the undisputed king of processors during that period. not taking all but disappeared Maybe Intel thought AMD would fumble yet again after the 2017 launch of the Ryzen series processors and it would continue to dominate the market in an "I told ya so" moment — except, that team red hasn't, and with every subsequent processor launch, its products have gotten cheaper and better. Could this be Intel's watershed moment? Who's to say? So far, all manners of analysts on Wall Street have on the company's stock given both the earnings result and the CEO Pat Gelsinger has painted for the immediate future. cut their price targets bleak picture Should Intel's stock price reverse its downward trend, we'll let you know. 👋 You’re reading HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Tell your friends and family to subscribe . here 🧑‍⚖️ New U.S. Lawsuit Threatens Google's Dominance in Online Advertising 's is now at a of losing parts of its advertising technology unit after the U.S. government filed a lawsuit accusing the Silicon Valley darling of stifling competition in online advertising. Alphabet Inc. Google higher risk While Google has denied the allegation, the lawsuit details prior attempts by the search engine giant to crush competitors seeking to usurp its dominance in the advertising market, including one nicknamed " ". Project Poirot Google ranked #9 in this week's Tech Company Rankings. ChatGPT — Now Coming to a Quiz Near You 🧙 Remember those viral internet quizzes that everyone, including your grandma, had taken at least once in their lifetime and shared results of on their Facebook feed? Well, you’re in luck because their creator — Buzzfeed — is returning with a BANG! But instead of enlisting the help of tens (if not hundreds) of paid staffers and unpaid contributors to generate quizzes, the self-described premier digital media company will be capitalizing on advances in artificial intelligence — particularly OpenAI's ChatGPT — to push out content that will help tell you which Hogwarts house you belong to based on the kinds of protein you eat (lol). Being by Buzzfeed is the latest feather in ChatGPT's cap, which has already had the ever since it became public. adopted internet incensed Microsoft, which has in ChatGPT creator OpenAI, was trending #51 this week. invested heavily 📰 In Other News.. Facial recognition tech is pretty racist. . No, really Microsoft's big AI ambitions just OpenAI and ChatGPT. go beyond Federal agents dismantled the Hive ransomware group, helping in ransom demands. thwart over $130 million , which ranked #1 this past week, is manufacturing operations in the U.S. in an attempt to earn tax credits. The move will make the company even more competitive in the automobile industry. Tesla expanding Here's a look at what the of FTX means for the future of the crypto industry. collapse And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon

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