And they refuse to release a game unless it does something interesting. They don’t want to be a game studio, but they will make a game to prove a point:
Steam - exists so Valve could easily update its games
Half Life: Alyx - drive demand for VR
Portal - interesting tech demo of portal mechanic
Their pace of game dev has reduced because the Steam service and hardware ventures are taking top priority. Why make a game when there’s much more interesting stuff to do elsewhere that will drive the core business?
According to Valve itself Half Life 3 doesn’t exist because they are out of ideas, Valve has always been a clan of tech wizards rather than writers
And they refuse to release a game unless it does something interesting. They don’t want to be a game studio, but they will make a game to prove a point:
Their pace of game dev has reduced because the Steam service and hardware ventures are taking top priority. Why make a game when there’s much more interesting stuff to do elsewhere that will drive the core business?