Groupon’s founder and former CEO is trying to disrupt a new industry: audio production.
Andrew Mason’s Descript edits audio like a word processor. The app, which launched last week, allows users to transcribe audio files and add or delete words straight from the transcription.
“Something like Descript, where you can just show people words and allow them to use their editorial brain in order to craft content experience instead of doing it through engineering tools, makes it possible for a lot more of us to do this,” Mason told Cheddar.
Mason said that, while some people think of music first when they think audio, his company is targeting “talk-driven media” in both video and audio. The company says that changes made to transcripts will reflect in audio files.
The company says it has 8 staffers on, and recently secured $5 million in funding from venture capital firm Andreessen Horowitz.
For full interview [click here](https://cheddar.com/videos/groupon-co-founder-starts-new-venture).
The Bank of America Institute found that average monthly rent payment growth for the bank's small business clients rose 12% year-on-year.
A driverless ride-hailing car in China hit a pedestrian, but people on social media are taking the carmaker’s side in an AI vs. humans debate.
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in a possible sign of looming rate cuts.
America’s oldest flour company, King Arthur Baking Co., saw a six-fold increase in demand during the pandemic, and baking interest continues to rise.
The surgeon general has said there's a loneliness epidemic in America. For many people, that includes a lack of friendships at work. But there's hope!
The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and f
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting cash.
For 30 years Ira Galtman’s job has been to document how American Express went from an express stagecoach company in New York in 1850, to what it is today.
Air travel got more miserable last year, if the number of consumer complaints filed with the U.S. government is any measure.
U.S. ticked toward more records Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes for interest rate cuts.
Load More