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OpenAI launches new transcription models, but lags behind competitors

OpenAI has launched two new speech recognition models, GPT Transcribe and GPT Live Transcribe, accessible via its API. While these models show improvement over their predecessors, they do not yet match the performance of competitors like ElevenLabs, Google, and Mistral in terms of error rates. AI

IMPACT OpenAI's new transcription models offer API access but currently fall short of leading competitors in accuracy.

RANK_REASON The cluster describes a product release from a major AI lab, but the product is an improvement on an existing capability rather than a novel frontier model, and it is outperformed by competitors.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

OpenAI launches new transcription models, but lags behind competitors

COVERAGE [1]

  1. The Decoder TIER_1 English(EN) · Jonathan Kemper ·

    GPT Transcribe improves on its predecessor but can't catch ElevenLabs, Google, or Mistral on error rates

    <p><img alt="" class="attachment-full size-full wp-post-image" height="1152" src="https://the-decoder.com/wp-content/uploads/2026/05/openai_audio-1.png" style="height: auto; margin-bottom: 10px;" width="2048" /></p> <p> OpenAI has released GPT Transcribe and GPT Live Transcribe, …