Naturally, Livepeer – the decentralized transcoding network provider – does not agree with critical observations that the web3 bubble has burst, or even deflated, but rather that this evolutionary technology movement has fractured into separate bubbles. One of those of course is generative AI, in an entire league of its own, and Faultline has learned that the Livepeer network will soon support genAI via the Stable Diffusion deep learning model, which added support for video generation in November 2023. The caveat, warns Livepeer CEO Doug Petkanics, in conversation with Faultline this week, is that this forthcoming genAI support is not a commercial release, per se. The new feature aims to demonstrate how cost-effective a decentralized network like Livepeer can be…