Inside Vimeo's AI Toolbox: What Vimeo's New Features Mean for You

Introduction

Introduction

Vimeo has unveiled a new suite of AI-powered editing tools designed to simplify video creation for entry-level creators. These advancements are set to provide an array of new functionalities that will be useful to beginners and seasoned creators alike. Let's dive into what these features are and what they mean for you.

New AI Features

Vimeo's latest features include:

• AI-Based Script Generator: Leveraging OpenAI's technology, this tool assists in developing scripts for your videos.
• Teleprompter: Integrated directly into the platform, this feature aims to streamline the recording process.
• Text-Based Video Editor: This tool is designed to remove long pauses and "umms" from your footage, making it more polished and engaging.

These features will be available to standard plan subscribers starting July 17th for $ 20 a month.

Magisto Acquisition

Vimeo's AI functionalities are largely connected to their acquisition of Magisto. Although details about how they transitioned to an AI tech video editing company remain murky, the commitment to incorporate AI into their product suite is clear.

Competitive Landscape

Various competitors are offering similar text-based video editing services. Descript has been a notable player in this space, offering a robust suite of text-based editing tools. Other startups like Dummy are also making waves by converting long-form content into short-form snippets, though they remain in early stages.

The Real Impact

While these new tools provide additional convenience, they aren't groundbreaking innovations. The features, such as AI script generators and text-based editors, already exist in the market. Integrating them into an all-in-one platform like Vimeo is, however, a move geared towards accessibility and ease of use.

Incumbents vs. New Entrants

The big question is whether these "table stake" features will allow established companies to outpace new entrants. Will merely adding these features to their existing product suites be enough, or do they require a more fundamental revamp?

Conclusion

Though these updates may not be revolutionary, they mark a step towards greater convenience and accessibility for video creators. For $ 20, the new AI tools could offer great value, particularly for beginners in the video creation space.

Keywords

• AI-Powered Editing Tools
• Video Creation
• Entry-Level Creators
• Script Generator
• Teleprompter
• Text-Based Video Editor
• Magisto Acquisition
• Descript
• Vimeo

FAQ

Q: What new AI features has Vimeo introduced? A: Vimeo now offers an AI-based script generator, a teleprompter, and a text-based video editor designed to remove long pauses and filler words.

Q: When will these features be available, and at what cost? A: These features will be available to standard plan subscribers starting July 17th for $ 20 a month.

Q: How does this compare to other video editing tools like Descript? A: While Descript has been a pioneer in text-based video editing, Vimeo's new features aim to integrate similar functionalities into their all-in-one platform, primarily focusing on convenience and accessibility.

Q: What is the significance of the Magisto acquisition? A: The Magisto acquisition is a significant move that has allowed Vimeo to integrate AI-powered video editing tools into its platform, marking its shift towards AI tech video editing.

Q: Are these features groundbreaking innovations? A: No, these features are more about convenience and accessibility rather than groundbreaking innovations. They largely streamline existing functionalities into a user-friendly platform.