Microsoft has confirmed the existence of its next-generation gaming console, codenamed Project Helix, which will play both Xbox and Windows PC games. Asha Shar, the CEO of Xbox, stated that Project Helix aims to "lead in performance" and enhance the gaming experience across platforms. Details on the release timeline, pricing, and specifications are not yet available. The announcement comes amid increasing competition from Sony and Nintendo, and coincides with Sony's decision to stop releasing single-player, first-party titles on PC due to disappointing sales. Microsoft has previously explored Xbox and PC gaming convergence through initiatives like the Xbox Ultimate Game Pass. The company is collaborating with AMD for processors for Project Helix, but rising prices for storage and RAM may impact the console's final cost.