In short, yes it can!
In Detail 4.1, we released Quick Cuts which are AI-powered edit buttons. The app reviews the transcript of your video and makes suggestions by selecting sentences to export as new videos.
If you have a longer recording, the Short Quick Cuts will appear, and depending on the length you could see 5+ Short options.
Open your project, tap the text-editor toggle button (two arrows in the bottom-right corner below the video) and you'll see Quick Cut options.
When you tap a Short, you’ll see the preview in the bottom right corner and can tap on it to watch it. Easily export the Short by tapping the export button in the bottom right corner.