By Blockchain News | Created at 2024-11-15 07:21:33 | Updated at 2024-11-24 04:21:08
1 week ago
Jessie A Ellis Nov 15, 2024 07:11
Veed co-founders Sabba Keynejad and Tim Mamedov utilize Speech AI to innovate a browser-based video editing platform, enhancing user creativity and efficiency.
Veed, a rising star in the video editing industry, is making significant strides by integrating advanced Speech AI technologies to democratize video editing. Co-founders Sabba Keynejad and Tim Mamedov have set a new standard by offering a browser-based platform that simplifies the process of creating high-quality videos, according to AssemblyAI.
Innovative Approach to Video Editing
The co-founders focused on reducing barriers for users by moving video editing directly into the browser, adding AI tools to enhance user efficiency and creativity, and fostering an online collaborative environment. This approach allows users to engage with AI technology in unprecedented ways, transforming how videos are edited and shared.
AI-Powered Tools Enhance User Experience
Veed's integration with AssemblyAI's language-based model enables the automatic transcription of video content into text, making video more editable than ever before. By editing the text, users can seamlessly adjust video content, a feature that has been described as exciting and revolutionary by the co-founders.
One of the standout features is the 'Magic Cut' tool, which utilizes AssemblyAI’s Universal-2 Speech-to-Text model. This tool allows users to slice videos based on the text transcript, ensuring a coherent and polished final product. The accuracy of the transcription is critical, as errors can disrupt the entire editing process.
Strategic Partnerships and Business Growth
Partnering with AssemblyAI has enabled Veed to focus on its core strengths: building a collaborative, browser-based video editor, and rapidly distributing this innovative product to a growing user base. The strategic use of AI not only boosts user engagement but also supports Veed's business expansion, which has recently seen them surpass $40 million in annual recurring revenue (ARR).
The success of Veed highlights the growing importance of AI in creative industries, offering new possibilities for content creators and video editors. This development marks a significant shift in how video content is produced, making professional-grade editing accessible to a broader audience.
For more insights into Veed's journey and technological advancements, visit the AssemblyAI blog.
Image source: Shutterstock
