Microsoft and Sony have announced a strategic partnership for technology and information sharing.

The two companies will explore joint development of "future cloud solutions" in Microsoft Azure with the goal of supporting their respective gaming and content-streaming services.

"For many years, Microsoft has been a key business partner for us, though of course the two companies have also been competing in some areas," said Sony president and CEO Kenichiro Yoshida.

"I believe that our joint development of future cloud solutions will contribute greatly to the advancement of interactive content."

While the announcement didn't mention PlayStation or Xbox directly, it's a safe assumption that any developments would be implemented in the home consoles.

“Sony has always been a leader in both entertainment and technology, and the collaboration we announced today builds on this history of innovation,” said Microsoft CEO Satya Nadella. “Our partnership brings the power of Azure and Azure AI to Sony to deliver new gaming and entertainment experiences for customers.”

The partnership has only just been announced, so it's unlikely we'll see any fruits from their labours any time soon – but it's still great to see two of the biggest rivals in gaming come together on something like this.