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Microsoft just changed where your Word documents live — here’s why it matters
(www.windowscentral.com)
This is a most excellent place for technology news and articles.
I'd say for most, the autosave will come in handy. So many times there's been a project and someone at the least minute freaks out over their document being gone
They could have easily implemented autosave and versioning on your local machine. They chose to gate it behind keeping your documents in the cloud for profit-motivated reasons.