Veed co-founders turn to Speech AI to democratize AI video editing

Wanting to reduce the average user's barriers to producing high-quality videos, co-founders Sabba Keynejad and Tim Mamedov set out to create a next-generation video editing platform: Veed. To accomplish this goal, they focused on three main ideas:

• Moving video editing directly into the browser
• Adding AI tools to boost user efficiency and creativity
• Creating an online platform for collaboration

By building their video editing platform natively in the browser and in the cloud, Keynedjad and Mamedov allowed their users to use AI technology like never before. The browser-based platform, for example, allowed Veed to feed all videos through a professional language-based model, like AssemblyAI, and generate a text transcript of exactly what was happening in the video.

Then, the co-founders could build powerful AI-based tools on top of this transcription data. One of these tools includes Magic Cut, which uses AssemblyAI's industry-leading Universal Speech-to-Text model to "slice up" the video based on the transcript and then create a perfect video based on this text. The key, of course, is a highly accurate transcript — any error in the transcription could cause the entire process to break down.

Magic Cut is an "incredibly powerful" tool for their users, they explain.