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Details here: https://www.cnet.com/news/steam-tv-is-live-and-it-appears-to-be-valves-twitch-competitor/
News outlets are speculating this could turn into competition with Amazon's Twitch and Mixxer. I don't see Twitch falling from the top spot anytime soon though. Amazon's gonna make sure of that.
Thoughts?
Update: http://blog.dota2.com/2018/08/the-main-event-with-new-steam-broadcasting/
So it appears to be just a new way to watch the Dota event.Correction: As Tristar pointed out, Steam plans to extend Watch Party support to other games after the event's over, so that's good.Comment has been collapsed.