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Cineverse Taps AI For Closed Captioning

Los Angeles-based Cineverse says it has rolled out a new, artificial intelligence powered tool to generate closed captions for the film, television, and video library market. According to the company, it is using AI to reduce captioning costs by 85% and captioning time by 90%. The company said that it costs less than $10 per program hour for its new product, MatchCaption, versus the typical $60 to $100 per program hour it costs now.