The latest rumours have suggested that Valve is (still) building a 'Steam console' to rival PlayStation and Xbox units.
Debunk from dev Pierre-Loup Griffais
@plagman.bsky.social
"we've done pre-release Mesa Vulkan work on every AMD architecture since Vega thanks to them kindly providing hardware, so there's nothing meaningful to read into there."
I think the steamdeck is either sold at cost or at a loss too. Based on This article and others like it, Gaben says the price is a bit "painful" for valve.