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VLC tops 6 billion downloads, previews AI-generated subtitles
(techcrunch.com)
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Spoiler, they will! I use FUTO keyboard on android, it's speech to text uses an ai model and it is amazing how great it works. The model it uses is absolutely tiny compared to what a PC could run so VLC's implementation will likely be even better.
I also use FUTO and it's great. But subtitles in a video are quite different than you clearly speaking into a microphone. Even just loud music will mess with a good Speech-to-text engine let alone [Explosions] and [Fighting Noises]. At the least I hope it does pick up speech well.