Xbox president Sarah Bond on Tuesday confirmed that her team is working on a new Xbox video game console. "We're investing in our next generation of hardware lineup across console, handheld, PC, cloud and accessories," Bond said in a video posted on X.

Expect the next-generation Xbox to not only work in the 'living room,' but to offer portable gaming by harnessing upcoming chips from AMD.

Microsoft’s Sarah Bond has announced a strategic partnership with AMD to engineer and build the next generation of Xbox consoles and handheld devices together. “Together with AMD we’re advancing the state of art in gaming silicon to deliver the next generation of graphics innovation to unlock a deeper level of visual quality and immersive gameplay and player experiences enhanced with the power of AI,