US Patent granted to Pictory for AI-powered video synopsis system
March 6, 2024
Pictory, a player in the AI-powered video industry, has announced the granting of a patent for its video synopsis system. The model utilises a novel algorithm and custom large language models (LLMS) to generate video summaries from transcriptions.
It’s essentially a special tool that turns long-form raw videos (webinars, lectures, meetings recordings) into short shareable clips for websites, YouTube, or anywhere where people post videos.
This recognition from the United States Patent & Trademark Office comes after a 3-year application. Pictory says the patent differentiates its AI-powered platform, improves the defensibility of its intellectual property, and ultimately cements Pictory as a long-term player in AI Video.
How does the algorithm work?
· It works by using advanced AI algorithms that automatically extract key points from video transcriptions, making it easier for users to generate video highlights.
· When a video is uploaded, the spoken words are transcribed into text. Then, these sentences are grouped into topics based on their similarity. The topics are ranked and clustered, creating a cohesive summary. By using advanced algorithms, Pictory automatically extracts key points from video transcriptions, to create concise, compelling video content with precise timing.
“We are immensely proud to announce that the US Patent & Trademark Office has officially recognised our team’s innovation and dedication by awarding us a patent for our groundbreaking algorithm. This achievement is not just a milestone for our company but a testament to the relentless pursuit of excellence and innovation that drives us every day. Our patented technology stands at the forefront of the AI Video industry, setting new standards and pushing the boundaries of what’s possible. This patent underscores our commitment to delivering cutting-edge solutions that address real-world challenges. We are excited about the opportunities this patent opens up for us and our clients, and we remain committed to leveraging our technology to make a significant impact,” said Vishal Chalana, Chief Technology Officer, Pictory.