Independent benchmarks from Artificial Analysis rank ElevenLabs' Scribe v3 among the most accurate transcription models, though it runs slower and costs roughly twice as much as rival models from Microsoft and xAI. ElevenLabs released Scribe v3 for pre-recorded audio and Scribe v3 Live for real-time use, the latter using conversational context to prevent voice agents from cutting off callers during pauses. The company also expanded enterprise partnerships with Nvidia and McKinsey.
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