And this is possibly the crux of the issue and, I hold my hands up and admit I haven’t got the first clue.
I found the judgment slightly odd as I just don’t really see cloud gaming as a thing. It’s just another one of those shit things that MS offers other than good games.
It's because we don't have interest in it.
MS most definitely sees it as a thing, Their entire company model shift is reliant on cloud based sub service models and the building up of Azure infrastructures and AI now.
For 10+ years they kept marketing and pushing The Power of the Cloud™ from gaming to every productivity conference. As soon as they announced this purchase, they put out a press release stating
the importance of reaching 3 billion gamers via the cloud*. Phil Spencer went on record saying Sony and Nintendo are no longer their competitors, that it's Google and Amazon (streaming gaming/cloud gaming), the former having to shutter due to the Bethesda purchase they claim. Which adds precedent to the CMA concerns that MS was able to that that this early before even gaining the projected foothold.
The WEF wants you to own nothing and you will be happy. The WEF is comprised by the richest and most devious people on earth, the largest corporations and government officials.
Whether people choose to pay attention or not. The writing has been, and is on the wall.
*to reach "3 billion gamers" you would have to be the gatekeeper's, the top dog.