Interestingly, I think Microsoft has a solution in this category... on the Xbox. "Xbox Record That" goes back in time and records the last 30 seconds of gameplay.
This is how Google Clips should have worked. You can't trust AI algorithms to know exactly when something should be recorded. But, if they're constantly recording and throwing away video, then imagine yelling "Ok Google, record that" to your Google Home, it could instruct all the Clips you have in your house to save the last 2 minutes, then give you an interface to select and edit the videos you want.
How Google didn't think of this integration is beyond me. Sometimes they live twenty years in the future. Sometimes they miss things that are so blatantly obvious that Microsoft has a solution already.
But I also question the motive. This idea that we need to record everything for the future is very recent, definitely motivated by human psychology to collect things and escape the clutches of time. We've lived for thousands of years without it. Why do we need it now? Nostalgia? We already know that Facebook and Insta are bad for your brain by showing you the "surface perfect" lives that all your friends seem to live.
What, then, is the psychological impact of living in the "beautiful past" instead of the moment. You're trading time and money today to collect these. When we recall memories, especially positive ones, our brains add imperceptible flair to them, helping us cherish them even more. This is lost when we take and watch videos of everything, recording the absolute truth of moments in our past. We post them to Facebook. We embarrass our children later in life with them. Its... weird.