In the video above (courtesy of the lovely Sarah Meyers from Pop17), the rumour about YouTube offering live video is confirmed, by none other than YouTube co-founder Steve Chen himself.

Chen claims it will happen in “2008. We’ll do it this year” and that “live video is just something that we’ve always wanted to do, we’ve never had the resources to do it correctly, but now with Google, we hope to actually do it this year.”

With YouTube to offer live video later in the year, that puts a lot of pressure on live-streaming platforms, such as Justin.TV, Ustream…