Microsoft's big AI ambitions helped it become the world's most valuable company but at the expense of its Azure team, according to a leaked email memo

Michelle Johnston Holthaus speaks about Microsoft on stage for Intel.

What you need to know

• Microsoft was recently impacted by another round of layoffs affecting its HoloLens 2 and Azure departments.
• This is despite the tech giant's impressive earnings and rise to become the world's most valuable company, with $3 trillion in market capitalization.
• A leaked email memo suggests that Microsoft is making changes (layoffs) in its Azure department to pave the way for its AI advances and efforts.