Microsoft is working on Xbox streaming devices for cloud gaming

Microsoft Xbox Wireless Adapter

Microsoft today announced that it is working on its own streaming devices for cloud gaming to reach more gamers on any TV or monitor without the need for a console at all. Right now, to experience on Xbox Cloud Gaming on a large screen, gamers need a PC. To make Xbox Cloud gaming more accessible to gamers, Microsoft will release a low-cost streaming device like Chromecast that will allow anyone to stream Xbox games from the cloud.

Source: Xbox