Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
I also did nothing and the last time it spun up and ate CPU was in the early AM PST of 1/10. In the afternoon and this morning nothing. Checked C:\Windows\Temp and found new cfg and odt files. Only updates in update history:
Of course, this thing reaches out to Microsoft in the cloud, and something out there has likely changed.
I did not some logs in the same folder. Did a couple of compares and then lost interest. But did note that older, failing versions had 8 instances of "Office.Experimentation" object where working one had only 1. But this may be total coincidence and hard to diagnose without correct tools to parse logs.
But IMHO, Microsoft fixed. If I see back, I will post another reply.
Safe Computing!