This goes a long way to prove that Microsoft does NOT care about your privacy, even if the header of their cookie consent claims so. They absolutely do not care, and this should be said about every big-tech vendor, not matter how lame it seems to say so. It is long overdue that we all say what needs to be said: they do not care about your privacy, your independence, or your well being. They DO NOT CARE.
Since you did not understand the point at all: There are regulations in place to force sites to "ask" for permissions to use cookies and track you. The point is that the regulations completely fail to force the sites to not blatantly lie, and wrap the "consent" with "we care".
That's just pedantic, because you know it is not the reality they choose. Most sites don't want to not track you. So they pretend they care about your privacy, and then proceed to collect and share data on you anyways.
Yeah, but it's galling we accept these big obvious lies in our society. A legitimate government would impose appropriately stern consequences for misleading and false advertising.