AI / ML
Descript offers tools to record, edit, transcribe, collaborate, and share videos and podcasts. It started as an audio editing tool which took recorded audio and gave the user a transcript that they could easily edit. Deleting a word from the text transcript would remove that same word from the audio file. Descript later expanded into video editing. The company believes the division between audio and video editing tools should become obsolete because content creators today don't neatly fall within the traditional boundaries between content mediums. For instance, YouTubers make podcasts, and podcasters distribute their content on YouTube, signaling the need for a comprehensive tool like Descript that makes both audio and video editing simpler.
OpenAI Leads Financing of Andrew Mason’s Descript at $500 Million–Plus Valuation
Video Editing Software Market Size is projected to reach USD 3.24 Billion by 2030, growing at a CAGR of 5.6%: Straits Research
AI-powered media editing app Descript lands fresh cash from OpenAI
Descript with Andrew Mason
Descript: A Billion-dollar Detour?