Instagram is launching a standalone video creation app. Edits allows users to shoot and edit video using features like background replacement and automatic captioning. Instagram had announced Edits back in January. Edits' features are similar to TikTok's sister app, CapCut. TikTok's future in the U.S. remains uncertain as its parent company Byte Dance faces a mid-June deadline to sell the app or have it be banned in the country. CapCut would also shutter in the U.S. if that happens.