Paul R. La Monica, over at CNN/Money has written the article: I want my WebTV!, and asks if video searching is the "next" big thing. I think it's already the "next" big thing and will get even more important as more content gets digitized, licensing agreements get signed, and the public becomes aware of the technology. The future is bright IMHO not only on the consumer level but also on the enterprise/business level with services like TVEyes and Critical Mention. Btw, it's not just video but all multimedia content. In the past few months we've seen both Blinxk and Podscope begin offering podcast searching. Speechbot from HP has been demonstrating keyword audio searching for years.
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