According to Foresight News, video streaming platform Livepeer announced that it will launch the Livepeer AI subnet, a decentralized video processing network with AI computing power. The subnet will be built on Livepeer's decentralized video processing network architecture, providing globally accessible open video infrastructure and incentivizing scalability through a blockchain-based token economy.

The Livepeer AI subnet also allows Livepeer Orchestrator node operators to earn ETH and LPT income by deploying GPU resources for AI processing tasks. Livepeer's AI subnet is launched in three phases, the first phase has been completed and is currently being optimized. Livepeer expects to launch the mainnet in the third quarter of 2024.