E3 2018: Watch the Halo Infinite reveal from Microsoft's event

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These include games such as Doom Eternal, Fallout 76, The Elder Scrolls 6, Halo Infinite, and Gears of War 5.

The Xbox One trails Sony's (SNE) PlayStation 4 in unit sales in the current generation of video game consoles, but Microsoft is undeterred. It did not reveal financial terms of the studio acquisitions.

The trailer did not show any gameplay.

The game is also being built using 343's new Slipspace Engine, which is detailed in a new blog.

Spencer said his team is "deep into architecting the next Xbox" in a commitment to console gaming at a time when mobile and personal computer play are soaring.

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We've got a lot of guys who can score and fill it up, and they lift each other up if one of them is having a tough night. James admitted that the Warriors , who lead the series 3-0, are more talented than the Cavaliers .

Additionally, Spencer announced the creation of Microsoft's own new studio, The Initiative, which will be led by Darrell Gallagher, who joined Microsoft in April. Its investment into cloud-based gaming with Microsoft AI is interesting, with game streaming clearly high on its list of priorities. Instead, Microsoft gave existing Xbox One owners a reason to keep a hold of the console, and those still on the fence a good few reasons to invest in one.

343 Industries is busily working on the next Halo game, which is codenamed "Infinite". The game looks like it plays beautifully and the visuals throughout the new trailer are impressive, to say the least.

Last but by no means least, we got confirmation of a new Battletoads gaming coming in 2019 and two dollops of Sea of Thieves DLC on the way later this year.

But this wasn't Microsoft's only big news.

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Perhaps even slightly humbled by the lessons it's had to learn this gen, it's stacking the deck for the next battle for gamers' hearts - and it's a battle it just might win.