Observed Signal · Feb 27, 2025 · Product Launch · Source: Trending Topics · Impact: 3/5 · Sentiment: Positive
ElevenLabs Launches Scribe Speech-to-Text Model Competing with Google and OpenAI
ElevenLabs, an AI startup valued at $3.3 billion that recently closed a $180 million funding round, has launched Scribe, its first standalone speech-to-text model. The model supports 99 languages at launch and reportedly outperforms Google Gemini 2.0 Flash and OpenAI's Whisper Large V3 in benchmarks such as FLEURS and Common Voice, particularly for underserved languages. Scribe features structured JSON output with word-level timestamps, speaker diarization, and non-speech event marking. Pricing is set at $0.40 per hour of transcribed audio. Currently limited to pre-recorded audio, a low-latency real-time version is planned. The launch positions ElevenLabs as a full-spectrum AI voice solutions provider, competing directly with Gladia, Speechmatics, AssemblyAI, Deepgram, and OpenAI.
A leading AI audio startup launches a competitive speech-to-text model, directly challenging Google and OpenAI, and extending AI voice capabilities relevant to content and media workflows.
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Key Takeaways & Evidence Grounding
- ElevenLabs launched its first standalone speech-to-text model named Scribe.
- Scribe supports 99 languages at launch, with 25+ languages at under 5% word error rate.
- ElevenLabs is valued at $3.3 billion and recently completed a $180 million funding round.
- Scribe is priced at $0.40 per hour of transcribed audio.
- Per the company, Scribe outperforms Google Gemini 2.0 Flash and Whisper Large V3 in benchmark tests.
Connected Companies & Entities
4 Entities mapped“ElevenLabs, ein mit 3,3 Milliarden Dollar bewertetes KI-Startup, hat sein erstes eigenständiges Speech-to-Text-Modell namens Scribe vorgeste...”
“In Benchmark-Tests übertrifft das Modell laut Herstellerangaben führende Lösungen wie Google Gemini 2.0 Flash und Whisper Large V3....”
“Das Unternehmen tritt in Konkurrenz zu Anbietern wie Gladia, Speechmatics, AssemblyAI, Deepgram und OpenAIs Whisper-Modellen....”
“Das Unternehmen tritt in Konkurrenz zu Anbietern wie Gladia, Speechmatics, AssemblyAI, Deepgram und OpenAIs Whisper-Modellen....”
Ontology Mapping & Concepts
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