A fortnight after cruising back onto our radar with a new mobile gaming SoC, MediaTek has inked an intriguing collaboration with Chinese OTT video platform iQiyi to deliver AV1 compressed content over 5G networks, specifically with UHD content in mind. A US-backed video codec being embraced for the first time by one of China’s largest video streaming services, for delivery over some of the world’s most advanced (and secretive) wireless network technology, is a colossal moment for the industry. iQiyi started adding content supporting AV1 to its catalog around four weeks ago, based on its own enhanced encoder called QAV1. iQiyi’s proprietary encoder has reportedly taken AV1 technology and ran with it – reducing computational complexity and increasing AV1’s application…