I think Microsoft does have a point here: hosted services and thin clients are going to make money. (1) Their main focus is selling services, selling you, selling your data, and showing you ads. Children are being raised to think that asking chat to add two numbers is normal; they will enter the workplace in this state. Everything for MS is a service: this is going to work for them. And (2) because those hosted services will also replace some jobs, as the enterprise schmucks want.
I still can't get over people calling ChatGPT "chat" instead of it referring to a stream chat.
Microsoft winning here requires them to actually execute well which they have a long storied history of completely missing the window. Tablets, phones, MP3 players, they were always either too early or too late and their consumer marketing is terrible.
You could be right, but I don’t think it’s going to be Microsoft that’ll be the leader here.