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Windows Live is the collective brand name for a group of Microsoft services which are currently under development. Being partly rebranded from MSN. The new, consolidated online services are Microsoft's latest effort to compete against fast-growing competitors such as Google. Generally these services are accessed via a web browser, and the data required to run them (along with data the user may input to the service) is stored on a remote server rather than on a local computer. This type of software is thought by many, including Microsoft and Google, to be the future of computing because the services and user data are available anywhere, without installing an application.
Source: Wikipedia
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