MICROSOFT AI'S MAI-TRANSCRIBE-2 UNDERCUTS OPENAI, GOOGLE, AND ELEVENLABS ON PRICE AND SPEED

Summary from the TLDR AI newsletter

MAI-Transcribe-2 is a speech-recognition model that Microsoft says is faster, more accurate, and cheaper than anything its competitors currently sell. It is priced at 10 cents per hour of audio. The model transcribes audio in 60 languages. Microsoft's strategy seems to be to build its own frontier-class models one modality at a time, then steadily swap them into products that once ran on OpenAI's technology.