Microsoft Teams: Responding to a Decentralized, AI-Powered Collaboration Competitor

You're a Principal PM at Microsoft responsible for Microsoft Teams. A new entrant, 'Agora Connect,' is gaining significant traction by offering a decentralized, AI-powered collaboration platform that promises unparalleled data privacy and user autonomy. How should Microsoft Teams strategically respond to Agora Connect's competitive threat, particularly given their appeal to privacy-conscious enterprise clients?

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