Stream (Classic) supported embedded captions (those that would be created by a real person). Does the new product support this as well?
The below was taken from
https://docs.microsoft.com/en-us/stream/faq regarding Stream (Classic).
What live captions format do you support?
Stream (Classic) supports CEA 708 embedded captions.
How can I add live captions to my events?
If you're using an encoder that supports embedded CEA 708 captions and are generating captions using a stenographer or other method, Stream (Classic) will automatically detect the captions and the people who are watching the event can toggle them on or off as well as configure the look and feel of them, the same way they do for on-demand video captions. When your live event is over, you can chose to keep the generated live captions as is or upload a cleaned up version of the captions as a VTT which will overwrite the original.