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This is a cutting edge achievement, and only time will tell how well it works. Google acknowledges that the entire process still needs refinement, and they've been working on it for quite a while. But when it is all worked out, just imagine the audio tracks of all your videos being indexed and searchable.
The user friendly side is already in place: "Additionally, since speech recognition tells us exactly when words are spoken in the video, you can jump right to the most relevant parts of the videos you find."
Learn more about this latest gadget on Google's blog post, In Their Own Words [googleblog.blogspot.com]
I don't have a recollection of who they were... there were so-o-o many companies then with new technologies... but Google wasn't involved with the software I'm thinking of.
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 )