WTF?
I watched it happen in real time....and I've seen many documentaries about it since.
The Fed's were there because a delivery guy found a box of live grenades being shipped to them, not because they tried to get on tv.
They were armed to the teeth with illegal arms, they said in part to defend against intrusion by the government, and they used those arms for that purpose....and lost massively.

The Fed's aren't well known for allowing those in the middle of an armed standoff a time out to do tv interviews. What kind of nonsense are you talking about?!

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As someone with a deaf person in the family, I've watched a lot of Closed caption TV. I also have someone in my family who types translation for Medical Transcription who types reports in real time. An amazing feat, typing 120 words per minute.

Some text is Pre-typed like in TV shows and Movies.
Some text is Auto typed by a computer
And some text is physically being typed by someone live in real time.

You can usually tell if it's typed in real time, because they can be running one or two sentences behind as they try to keep up. It's a very unforgiving medium. Once typed it's broadcasted. You can't just go back in time and remove it. A lot of this typing uses Auto-complete on typing words to speed up the typist to keep the typing in line with the audio.
This is most likely what happened in this case, as the Auto completion incorrectly chose the wrong word.

Don't read into things more than what's there. If you've watched as much closed caption as I have, you'd know that mistakes happen constantly, especially on live broadcast news stories. This is one example out of maybe 20-30 mistakes that will come up in an hour of time.

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That is a legit question. Ignoring that they used a segment of another video, the question is how quickly it used that video segment to render this. The keyword in the paper (https://arxiv.org/abs/1506.01497) is "Towards Real Time", which I guess means it may have been delayed a bit from the original video, but I didn't read past the abstract, and that paper is just the bases for the video.

To be of any real value, say in a car to help it self-drive, is how fast it can do it, and read street signs.

I'm going to guess the reason it doesn't do billboards is it is trained, for whatever reasons to only look so high. Then again, they took another video, then sent that video through the processor, so why ignore them? Also, can it recognize "storefront" "billboard" etc... reading those and translating in real time probably would be a bit advanced for now, but still...

This is awesome.
I wonder if the detection as it is shown in the video is actually real-time, or if some of the information was added later in post.

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As a former employee under both Jobs and Cook, I can tell you exactly what is wrong with Apple.

When I started with Apple, every thing we were concerned with was innovating. What could we come up with next? Sure, there were plenty of misses, but when we hit, we hit big. It was ingrained in the culture of the company. Managers wanted creative people, people who might not have been the best worker bee, but that could come up with new concepts easily. Sometimes corporate rules were broken, but if you could show that you were actively working towards something new, then you were OK.

Fast forward to when Cook started running the show, Steve was still alive, but had taken a backseat really. Metrics became a thing. Performance became a watchword. Managers didn't want creative thought, they wanted people who would put their nose to the grindstone and only work on things that headquarters suggested. Apple was no longer worried about innovating, they were concerned with 'maintaining'.

Two examples which might help illustrate further:

1. One of the guys I was working with was constantly screwing around in any free moment with iMovie. He was annoyed at how slow it was in rendering, which at the time was done on the CPU power. Did some of his regular work suffer, yeah. But he was praised because his concepts helped to shift some of the processing to the GPU and allow real time effects. This functionality made iMovie HD 6 amazing to work with.

2. In a different section of the company, the support side, a new manager improved call times, customer service stats, customer satisfaction, and drastically cut down on escalations. However, his team was considered to be:

a. making the other teams look bad

and

b. abusing the use of customer satisfaction tools, like giving a free iPod shuffle (which literally costs a few dollars to make) to extremely upset customers.

Now they were allowed to do all of these things, no rules were being broken. But Cook was mostly in charge by that point and he was more concerned with every damn penny. So, soon after this team blew all the other teams away for the 3rd month in a row, the new manager was demoted and the team was broken up, to be integrated into other teams willy-nilly.

Doing smart things was no longer the 'thing'. Toeing the line was. Until that changes, nothing is going to get better for Apple. I know I personally left due to stress and health issues from the extreme pressure that Cook kept sending downstream on us worker bees. My job, which I had loved, literally destroyed my health over a year.