Markets and Markets did a study that concluded that the speech to voice recognition market would go from $7.5 billion in 2018 to $21.5 billion by 2024 with an annual growth rate of 19.18 percent. So, I jumped at the opportunity and it’s taken me around eight months so far to get my own speech-to-text AI developed from the ground up. I’ve been scammed, conned, lied to and cheated by unscrupulous developers and have almost been financially ruined by pressing on, in a bid to gain access to this industry.
And in about two weeks from now, my AI is going to be ready for the world to use in any which way it seems fit, to create the most affordable, high quality transcripts that any AI can offer. Welcome to accuscript.ai. At a mere $0.075 per audio minute and an average transcription time of 10 minutes per audio hour, with 90 percent accuracy (and improving), this is a win-win for everyone – AI owners and users alike.
No longer do we have budgets that allow us to use human transcribers starting at around $1.20 per minute! And don’t be fooled, those transcripts have been put through an AI first, and just lightly edited by a human being. Imagine that – $1.125 per audio minute for editing! Yes, I worry about the transcribers (myself included) who rely on the high rate charged for human transcription. But we have to stay ahead of the time, or at least try to keep up with it.