The top one is a video in SharePoint or OneDrive. The bottom is a video in Stream classic.
Stream classic still has more functionality like being able to generate a caption and transcript for any video uploaded.
Today captions and transcripts only happen for videos in SPO and ODB when you have live transcript enabled in a teams meeting recording. Ability to generate them for any video uploaded in ODB and SPO is on the roadmap for around April.
We still have a bit to go to get videos in SharePoint up to par with stream classic.