>> Now, let's talk about the prompt message and the buttons ...
It says: "With your permission, we'll collect and use ...". Now, the reason for this prompt is because I disabled this very option in the browser. But Microsoft seems to not like that, so it prompts me to reconsider, every now and then. Your choices are to click either Got it! or Learn more.
The latter takes you into the Settings, ergo disrupts your browsing and usage flow. You are FORCED to interact with the browser's shitty attempt to force you to give up your data, instead of you browsing like a normal human being. The former is worse. It TOGGLES the option on. So it's not an explicit YES. It's a vague indirect approval, which supposed stems from your "understanding" the message "With your permission" and that you're OK with it. <<