GPT Transcribe improves on its predecessor but can't catch ElevenLabs, Google, or Mistral on error rates
Quick Answer
OpenAI's new GPT Transcribe and GPT Live Transcribe models improve on error rates, achieving 3.31% but still lag behind ElevenLabs, Google, and Mistral.
Quick Take
Pricing is reduced by 25% to $0.0045 per audio minute, making it competitive but not the leader in the market.
Key Points
- GPT Transcribe processes audio 34 times faster than real-time.
- Word error rate improved by 0.7 percentage points from GPT-4o Transcribe.
- ElevenLabs Scribe v2 leads the market with a 2.3% error rate.
- Mistral's Voxtral Transcribe V2 starts at $0.003 per minute.
- Both models support multiple languages and transcription context.
Source Excerpt
OpenAI has released GPT Transcribe and GPT Live Transcribe, two new speech recognition models available through its API.
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