The company is now working on a cloud clipboard app called OneClip. The app is designed to let the user copy whatever they want and access it on whatever device they need it on.
We usually think clipboard, when we need to pass data between applications on a single device. When transferring data between devices, we think files.
Will be interesting to see which UX solutions Microsoft would offer to manage the cloud clipboard and how they handle sync, when something is copied to the clipboard on multiple devices.