If it works, it is a great technology indeed.
On the other hand... why political speeches...? ( I know why but )
I guess the only reason is because it's not perfect yet?
"Oh, [the_politician] didn't say this and that, it's just that the words weren't spelled clearly enough for the speech recognition system..." ...*hah*... viral bombs away. (j/k)
Sorry for the PR department but who would believe that this tool was developed for political videos only, especially with the candidates censoring which video can get into the widget. I mean gadget.
ok got it, it's probably much cooler than saying
Coming up October in YouAdWords:
... keyword-based contextual ad targeting following the audio transcript.
... precisely *timed* *on-topic* *clickable* ads in the video overlays.
... or not.
We don't know yet.
either way, while it may be last in YouTube's priorities... I'm not sure what excuse they'll come up for those who've been saying all along, that this could be effectively used for detection to battle off copyright infringement.
If they do it right, and not try to evade responsibilities, this may very well bring YouTube that 'holy grail' [news.cnet.com] Schmidt was looking for ( and save the money in the cookie jar from being fed into lawyers' pockets in the same time )