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All of this seems like not super valuable stuff. Especially considering the current state of AI.
The most valuable application I can see is as a sort of "assistant". One that can answer calls, take messages, draft emails, create and add appointments to your calendar, etc. MS is doing it the right way by creating an entire OS around it. But not having a mobile OS will hamstring them considerably.
Google and Apple hold all the cards right now, for that reason. Apple has the on-device processing power. Google has the professional ecosystem.
Hell, Google's Messages spam filter is the only reason I still have a Google account.
But again, I'm still not confident these things are as valuable as the attention they receive makes them out to be.