Valve has no intention of launching its own gaming subscription service at this time, Gabe Newell told PC Gamer. However, the company doesn't mind working with Microsoft to bring Game Pass to Steam.
According to Newell, the company does not consider it appropriate to create their own game subscriptions. He noted that a similar service from Microsoft has gained popularity, so Valve would be happy to work with the corporation to integrate Game Pass into Steam.
Newell explained that there have been previous discussions to add Microsoft subscriptions to the game library. However, he did not talk about any specific plans or agreements. If Microsoft customers show interest in adding a subscription service to Steam, Newell said Valve should consider how to do it.
As noted by PC Gamer, the likely addition of Game Pass could indeed be a problem, as the libraries feature different versions of the games. In addition, it is clear that the new handheld game console Steam Deck is not ready for Game Pass. Currently, Valve and AMD continue to work on driver compatibility for installing Windows on the console. Only after this is done, the owners of the console will be able to play through a subscription from Microsoft.