Steam Cloud Play Beta Launches

Valve announces the Steam Cloud Play Beta, confirming their plans for cloud gaming that were recently unearthed by a dataminer (thanks VG247). This also confirms a collaboration with NVIDIA's GeForce NOW, which is the first service this is connected with. They explain how to apply to participate and outline what's involved:
Steam Cloud Play is currently in Beta and features are being added over time. We are now accepting a limited amount of games into the service as we continue to build features and server capacity for players. The first service we are connecting to Steam to allow users to play games from their Steam Library from the Cloud is Nvidia GeForce NOW. There are more details below about how to opt your game(s) into the service as well as answers to a few common questions below.

Currently Nvidia GeForce NOW is available in North America, Western Europe and Asia Pacific. Currently, Steam users will need to download the GeForce Now client and connect their Steam account to the GFN service to play their Steam Library. The user may pay a subscription cost to use the GFN service. Customers will continue to acquire games on Steam the same way they do today, and partner payouts will remain the same.

These cloud services enable Steam users to play their Steam library in the cloud, one game at a time, like they can on their local PC. Developers must manually opt-in the games they wish to make available on GeForce NOW.