Here are the Microsoft Product Terms changes for May 2021:
M365 Business Basic/Standard/Premium added as pre-requisite licenses for Audio Conferencing and Phone System
Microsoft 365 Career Coach USL has been added for Academic customers
Microsoft 365 Scheduler has been added. This includes a “human-assisted AI Service” for complex scheduling requests.
Microsoft Teams: Terms added to confirm licenses are not required to join meetings/live events hosted by licensed users. Also that external users don’t need a license for Guest access via AAD External Identity.
Power Platform: All Power Platform licenses now have “extended term eligibility” under EA/EAS/SCE
A relaxing of the terms around Project for the web and how the data can be viewed.
Various Azure services have had updated terms.