The platform upgrade will leverage gen AI algorithms to gain context from source videos, transcribe audio content, and perform semantic analysis. The company is also developing an emotion-recognition technology to decode speaker’s emotions through facial expressions and body language. Wisecut aims to streamline video editing for businesses, educational institutions, and video content creators. The company currently has 350,000 registered users and is experiencing a monthly influx of over 50,000 new users.
Key takeaways:
- Wisecut, an AI-powered automatic video editing platform, has secured $1 million in funding from investor Tim Draper.
- The company plans to use the funding to expand its team, advance R&D efforts, launch additional features, and expand its market reach.
- Wisecut is working on integrating generative AI to autonomously summarize audiovisual content, and plans to incorporate OpenAI’s GPT-4 technology to create thematic snippets from lengthy videos.
- The company is also improving its underlying AI algorithms and machine learning models, and plans to recruit experienced AI researchers and data scientists to refine existing models and introduce new gen AI features.