Video streaming platform Livepeer announced that it will launch a subnet with AI computing capabilities. The Livepeer AI subnet allows hardware providers to earn fees by contributing GPUs to AI inference jobs such as text to image, text to video, and image to video. The subnet is a branch of the Livepeer main network that supports new artificial intelligence features while still using the Livepeer protocol for node discovery and payments. Livepeer's AI subnet is expected to be launched in three phases, the first phase has been completed and is currently being optimized, with the mainnet planned to be launched in the third quarter of 2024. (finance.yahoo)