This looks amazing for audio. There's no doubt that this will massively improve podcasts, radio, etc.

I can't imagine watching a video that's been chopped up like that would be a particularly nice experience though. Editing video to remove unwanted sections and not have it look like people's heads are jumping around weirdly is really hard. Cuts are really noticeable. If they've managed to fix that with ML it's going to have a huge impact on the cost of video production.