ElevenLabs, an AI startup valued at $3.3 billion, has introduced Scribe, its standalone speech-to-text model following a $180 million funding boost. The model supports over 99 languages, claiming high accuracy rates particularly in 25 languages. With a focus on advancements in speech detection, the CEO, Mati Staniszewski, emphasizes the need to improve understanding and transcription of speech. This move positions ElevenLabs to compete with established models like those from OpenAI and Google, aiming to enhance the technology landscape in speech recognition and detection.
"We want to understand what's being said by you in a conversation better. We are working on ways to move away from only generating content and understanding and transcribing speech."
"Many people say that speech-to-text is a solved problem. But for many languages, it is pretty bad. We think we can build better speech detection models because we have in..."
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