Adobe Firefly for video editing

Hey folks, 

Welcome back, in today’s update:

• Adobe releases AI tools for video editing!

• AI stocks are soaring in US stock market.

• Best AI tools for Audio and Podcasts

Reading time is 4 minutes. Let’s dive in 🤿

Adobe AI tools for Video Editing

What: New AI powered tools from Adobe are making video editing much easier and simpler. Adobe’s Generative AI suite, called Firefly, added support for video editing

Here’s what you can do -

Adobe Firefly: Edit your videos using just text prompts! You could -

• Change colors: Use text prompt to change colors, and even one step beyond that - you can ask the AI to make it look like morning or winter!

• Generate Music: Generate custom sounds and music for your video to reflect a certain feeling or scene.

• Add B-roll: Youtubers love their B-roll shots and Adobe’s AI can recommend them for rough or final cuts.

Adobe Premiere Pro: The fastest version of Adobe yet, new set of AI tools are integrated in Premier pro -

• Text-Based Editing: Automatically analyzes and transcribes clips to make editing easy and simple.

• Automatic Tone Mapping: It lets you mix and match HDR footage from different sources into the same project!

What’s next: If you take a closer look at video production workflow, there are tons of complexities involved resulting in slower process and steeper learning curve.

Adobe’s AI editing tools are geared towards simplifying them - You could edit faster by iterating over your ideas in minutes rather than hours. And text based editing tools lowers the learning curve.

It’s a good time to be an AI company

What: Stocks related to AI are soaring on the US stock market. Rising tide lifts all boats, and CXApp Inc. is the newest one to ride the wave.

The stock rose 1,480% in last two weeks, from a low of $1.33 to a high of $21 (intraday). The company went public via a SPAC

Between the lines: What's the secret sauce? No one knows, but having “AI” in company’s name definitely seems like one. Here are 3 more companies -

1. GuardForce AI - 400% increase

2. BigBear.ai - 300% increase

3. C3.ai - 102% increase

Among the big tech, Nvidia stands out and is up ~94% so far in 2023!.

Nvidia’s focus on GPUs has been paying off. First, during the crypto-wave, GPUs were needed for mining. Now, during the AI wave, GPUs are the most scare resource with high end GPUs selling for $40,000 a pop!

New Tools
Leverage AI to grow

Today’s category is Audio editing! These tools help you with creating and editing podcast, process and clean your audio.

• Adobe Podcast: Edit audio using transcripts! remove background noise and enhance quality. Podcast   Noise-Removal   Text-Editing   Paid (link)

• Descript: Easiest way to edit, AI fixes your mispronunciation in one click and creates a clone of your voice! Podcast   AI editing   Text-Editing   Paid (link)

• Cleanvoice: Remove filler sounds like “umm”, stuttering with one click using AI! Noise-Removal   Noise-Removal   Paid (link)

• AudioStrip: powerful tool to isolate vocals and instruments from any song and can transcribe instruments too! Music   Paid (link)

• AssemblyAI: API-first platform for speech recognition and summarization at scale! Speech Recognition   API   Paid (link)

• Altered AI: Change your voice to sound like anyone! Voice-clone  Paid (link)