My first thought is "wasn't that called ISA?" I can't help but be wary of anything Microsoft announces that's open source. Without engaging in MS-bashing, I always wonder what their motivation is. Then again, part of me wants to believe there's good, avid coders working there.
MS is one of the largest open source contributors these days. .Net is open source and cross-platform. They even have an open source Linux distribution. They actively contribute to Rust, webAssembly, the Linux kernel, and Kubernetes.