Software giant Microsoft will be unveiling the new version of its popular Xbox gaming console at a Tuesday news conference in Redmond, Washington. The unveiling of the next-generation console - the third Xbox iteration - comes eight years after Microsoft introduced the existing Xbox 360 model in 2005.

Eight years after having rolled out its last version of the popular Xbox 360 gaming console, Microsoft is now set to unveil the much-anticipated new Xbox version on Tuesday, May 22, at a launch event to be held at the company’s Redmond, Washington headquarters.

In a Tuesday blog post, Larry Hryb - who is also called Microsoft's Major Nelson - introduced the new Twitch App for Xbox 360. The app went live on Xbox Live on Tuesday; and it will chiefly allow the Xbox Live gamers to watch Twitch. tv feeds.

Google and Microsoft revealed in their recent cloud-related announcements that they have made some noteworthy improvements to their respective cloud offerings - Drive and SkyDrive.

Google announced on Monday that storage limits for Gmail and Google Drive have now been unified by the company, in an attempt to give the users free storage of up to 15GB across both the products.

Microsoft disclosed in a Friday announcement that it has added some new social features to the Bing search engine; a move which marks yet another expansion to the company search site, in order to make it more useful and interactive as well as to distinguish it from Web search biggie Google.

Software biggie Microsoft recently previewed some of the forthcoming features which it is bringing to Office Web Apps, the browser-based Web component of the company's Office 365 product.

With Office Web apps essentially delivering online versions of Word, Excel, PowerPoint and OneNote, one of the new features recently previewed by Microsoft included the real-time co-authoring support.

On Monday, Microsoft announced its `Windows Blue' software version, which is an upgrade to the last October-released Windows 8 OS for desktops, laptops, and tablets; and will enhance the existing software with the addition of a number of new features.

In a move which underscores software giant Microsoft's ongoing attempts to strike strategic deals with all leading Android and Chrome device manufacturers, the company revealed in a Tuesday announcement that it had worked out a patent-licensing agreement with China-based device maker ZTE.