7 Best AI Transcription Software 2024 (50 Services Ranked)

by Chris Von Wilpert, BBusMan • Last updated November 23, 2023

Expert Verified by Leandro Langeani, BBA

Today there are 78 different AI transcription software. We spent 93 hours comparing the top 50 to find the seven best you can use to transcribe and unlock insights from your content.

What is the Best AI Transcription Software?

  1. Otter — best of the best
  2. Fireflies — best for meeting summarization
  3. Speak Ai — best for research
  4. AssemblyAI — best for developers 
  5. Wavel AI — best for quick transcriptions
  6. Descript — best for video editing 
  7. Symbl.ai — best for extracting actionable insights

Our Verdict — Best Of The Best

Price: Starts at $16.99/month

Otter is the best option if you need to turn conversations into smart notes. We think it’s the best because of its real-time transcribing feature, speaker identification capability, and easy-to-use interface.

The Best Part:

  • Talk it out. Otter’s AI Chat is there to help you during meetings, answering your questions and creating follow-up tasks based on the conversations you’re having.

The Worst Part:

  • English only. If you're looking to transcribe in any language other than English, you're out of luck. 

Get it if you want to generate spot-on transcriptions that can accurately keep tabs on your meetings

I recommend you start with the Basic plan for free, then get the Pro plan for $99.99/year.

(free plan)

Best For

Otter is best for busy professionals who want accurate transcriptions and an interactive assistant to streamline their meetings.

Top Features

  • Say goodbye to gibberish. With Otter's top-notch AI technology at your disposal, you'll get spot-on transcripts.

  • Auto-join to take notes. Just hook up Otter to your Google or Microsoft calendar, and it'll automatically hop into your Zoom, Microsoft Teams, or Google Meet sessions. 

  • Never miss a slide again! With Otter's Automated Slide Capture, every time someone shares slides during your virtual meeting, they're automatically snapped up and tucked neatly into your meeting notes. 

  • Stay in the loop with the Live Summary. If you zone out or miss a chunk of the meeting, don't sweat it — Otter's got your back! It whips up a summary as things are happening, so you can catch up on any missed bits during the action.

  • Real-time transcription. Otter can transform spoken words into written text instantly, making it perfect for live meetings or interviews where you don't want to miss any detail.

Pricing

Otter offers four pricing plans:

  • Basic: Free forever, for individuals who want to give Otter a test run and get a feel of its capabilities.
  • Pro: $18/month for small teams and professionals who need more minutes and advanced features to keep things running smoothly.
  • Business: $29/month for larger teams who need extensive collaboration tools and admin control. 
  • Enterprise: Custom pricing, for big organizations that require extra security measures, controls, and support.

Annual subscriptions provide up to a 51% discount.

Try Otter today with the free plan.

Our Verdict — Best For Meeting Summarization

Price: Starts at $18/month

Fireflies is an AI-powered software designed to efficiently transcribe, summarize, and analyze meetings. We think it’s the best for meeting summarization because of its seamless integration with video-conferencing apps, robust analysis capabilities, and advanced search features.

The Best Part:

  • It's the leader of compatibility. Fireflies smoothly integrates with tons of digital meeting tools, calendars, apps, and dialers. So whether you're embedding it into your Microsoft Teams conferences, aligning it with your Outlook Calendar, or even pairing it with Salesforce, it’ll always work like a charm.

The Worst Part:

  • A bit messy with documents. Without proper tagging and categorization, locating your files in Fireflies can be tough. It's worth organizing your transcriptions or else searching for specific files could turn into a never-ending task!

Get it if you want not just a transcription tool, but also an intelligent analyzer and summarizer that can help you dig deeper into your meeting transcripts and extract valuable insights.

I recommend you get started with the Free plan, then get the Pro plan for $18/month.

(free plan)

Best For

Fireflies is best for teams and entrepreneurs who want to transform their meeting transcripts into actionable insights for improved communication and efficiency.

Top Features

  • It's super versatile. Fireflies can work seamlessly with the most popular video-conferencing tools, including but not limited to Zoom, RingCentral, Google Meet, Teams Webex, and Aircall.

  • Transcribe any language. Whether you're speaking English, Spanish, French or any of the 69+ languages Fireflies supports — rest assured your transcriptions will be spot-on!

  • Clip and share soundbites. Fireflies lets you create short, shareable audio clips from your meetings that can be easily posted on social platforms or sent to your team.

  • Lightning-fast transcriptions. Fireflies doesn't leave you hanging — it delivers accurate transcripts of your meetings within minutes! 

  • Pinpoint the good stuff. Add comments, pins, and reactions right onto specific parts of transcriptions in your recorded meetings.

Pricing

Fireflies offers four pricing plans:

  • Free: Free forever, for those who want to test Fireflies' basic transcription capabilities without investing in a plan.
  • Pro: $18/month for small teams or professionals who need unlimited transcription credits and advanced AI features.
  • Business: $29/month for fast-growing businesses that require features such as unlimited storage, video recording, and API access. 
  • Enterprise: Custom pricing, for large teams who want specialized features such as custom speech models, dedicated account management, and priority support.

Annual subscriptions provide a 40% discount.

Try Fireflies today with the free plan.

Our Verdict — Best For Research

Price: Starts at $71/month

Speak Ai is an innovative recording, transcription, and analysis engine for researchers. We think it’s the best for research because of its high transcription accuracy, support for over 70 languages, and robust analysis features.

The Best Part:

  • Robust data analysis. Speak Ai makes it a breeze to upload audio, video, or text data individually or in bulk, then automatically transcribes and analyzes the content for you to extract key data for you.

The Worst Part:

  • Low readability on the interface. The color scheme and design of Speak Ai's overview page could use some improvement for better readability.

Get it if you want an all-in-one tool for seamless recording, transcribing, and in-depth analysis of audio, video, and text.

I recommend you start off with their 14-day free trial, then get the Starter plan for $71/month.

(14-day free trial)

Best For

Speak Ai is best for researchers and businesses that want to save valuable time through automatic transcription and analysis.

Top Features

  • Automate workflows like a pro. Paste YouTube video links or RSS feeds into Speak Ai, and it'll transcribe the videos or analyze the feeds for you.

  • Supports multiple languages. Conduct research in foreign languages and transcribe all types of content in 70+ different languages.

  • Get insights quickly. Picture Speak Ai as a detective uncovering crucial keywords, topics, and key phrases from your transcriptions instantly — right after every meeting.

  • Transcribe effortlessly. Imagine turning a mountain of audio and video files into an easily navigable text document — that's what Speak Ai does for you.

  • Speak Ai Magic Prompts. Ask questions and get insightful responses from your data using Speak Ai's recommended prompts or by creating your own!

Pricing

Speak Ai offers three pricing plans:

  • Pay-As-You-Go: Pay-as-you-go pricing, for individuals or small teams who need basic functionality and are okay with pay-as-you-go transcription.
  • Starter: $71/month for researchers who require regular language analysis, offering 15 hours of transcription per month and free access to one premium add-on.
  • Custom: Custom pricing, for large organizations or heavy users who need unlimited hours and a custom set of features tailored to their specific needs.

Annual plans provide a 20% discount.

Try Speak Ai today with a free 14-day trial.

Our Top Three Picks

Here’s a quick summary of our top three picks:

  1. Otter — best of the best
  2. Fireflies — best for meeting summarization
  3. Speak Ai — best for research

Here’s a quick comparison of our top seven picks:

Tool

Entry Offer

Pricing

Otter

Free plan

Starts at $16.99/mo

Fireflies

Free plan

Starts at $18/mo

Speak Ai

14-day free trial

Starts at $71/mo

AssemblyAI

Free trial

Starts at $0.00025/sec

Wavel AI

Free trial

Starts at $20/mo

Descript

Free plan

Starts at $15/mo

Symbl.ai

Free plan

Starts at $0.00012/word

Here are the top 50 AI transcription software we considered in this review:

  1. Otter
  2. Fireflies
  3. Speak Ai
  4. AssemblyAI
  5. Wavel AI
  6. Descript
  7. Symbl.ai
  8. Whisper
  9. VoicePen
  10. Deciphr
  11. Vocapia
  12. Shownotes
  13. Amazon Transcribe
  14. Murf
  15. Rev
  16. 3Play
  17. Alphy
  18. Speechelo
  19. Trint
  20. Speechmatics
  21. TTSMaker
  22. Article
  23. VoiceBase
  24. InqScribe
  25. Revoldiv
  26. Podsqueeze
  27. Speechpad
  28. Transkrip
  29. SpeechEasy
  30. Overdub
  31. Woofer AI
  32. Amberscript
  33. Dubb
  34. Google Cloud Speech-to-Text
  35. Voicemaker
  36. AudioNotes
  37. SpeedScriber
  38. Deepgram
  39. ExemplaryAI
  40. Temi
  41. Happy Scribe
  42. VoiceLine
  43. Altered
  44. FreeTTS
  45. Pictory
  46. Sonix
  47. Free Text-To-Speech
  48. Tactiq
  49. Whisper Memos
  50. AnthemScore

What is the most accurate automated transcription software?

While there is a wide range of transcription tools available on the market, Otter AI stands out for its accuracy and breadth of features. This audio transcription software leverages automatic speech recognition (ASR) and natural language processing (NLP) technology to convert audio files and video files into accurate transcripts in a matter of minutes.

Among its noteworthy features, Otter AI offers real-time transcription, capable of transcribing hours of audio or video in significantly less time than human transcribers would require. This efficiency does not compromise the quality of the transcript; user reviews consistently highlight the software's high accuracy rate, even when dealing with audio with background noise.

Moreover, Otter AI supports a wide range of audio file formats and video file formats, making it a versatile choice for users. Its enterprise plan offers extra features such as custom dictionaries and collaboration features, which enhance the user experience. Moreover, the software allows for simple editing of transcripts and has an effective speaker recognition feature.

Overall, based on customer reviews and its extensive key features, Otter AI emerges as the most accurate automated transcription software.

Is there an AI that can transcribe audio?

Yes, there are several AI-based transcription services that can convert audio into text. An example of this is Fireflies, which offers an AI-based service that can transcribe audio files, video files, and even Zoom meetings into accurate transcripts. Fireflies also employs advanced AI technology for automatic speaker recognition, allowing for speaker labels on the transcript, which can be of great help during the review of the transcripts.

Another powerful AI that can transcribe audio is Speak Ai. Known for its research applications, Speak Ai can process a variety of formats, and its automatic transcriptions are of high quality. Users can also use the platform's simple editing tool to refine the transcripts as needed.

What’s the best transcribing software?

Determining the best transcribing software depends on the specific needs and preferences of the user. However, Otter AI, Fireflies, and Speak Ai are among the most popular transcription software due to their advanced capabilities and key features.

For instance, Otter AI offers real-time transcription, speaker recognition, and supports a wide range of export formats. Users can also choose from various subscription plans, including a basic plan, a business plan, and an enterprise plan, depending on their transcription needs.

Fireflies stands out for its transcription insights, making it an ideal tool for professionals who need more than just a transcript. It can capture and analyze conversations, providing users with actionable insights.

Speak Ai, on the other hand, is best suited for research purposes due to its focus on extracting meaningful information from transcripts. Its subscription plans are competitively priced, making it an affordable transcription option for individuals and businesses.

What AI can transcribe audio to text?

AI platforms like Otter AI, Fireflies, and Speak Ai have the capability to transcribe audio to text. These platforms use advanced automatic speech recognition and natural language processing algorithms to convert audio recordings into written text. They support a variety of audio and video formats, allowing users to upload files in the format that suits them best.

These platforms are also capable of transcribing audio from digital voice recorders and voice notes. They can handle hours of audio transcription, and the final product can be exported in a variety of formats, depending on user preference.

How secure is Otter AI?

Security is a vital aspect of any transcription software, especially in business contexts where confidential information may be discussed. Otter AI takes this aspect seriously and has several measures in place to ensure the privacy and security of its users' data.

One of the key features of Otter AI's enterprise plan is its commitment to providing a secure transcription environment. This is validated by the positive user experience reported in customer reviews, where Otter AI's security measures receive high praise. It's important to note that the security features are tiered, with the most extensive security features available in the enterprise plan.

How accurate is Otter AI?

Otter AI is renowned for its accuracy in creating transcripts. It leverages AI-based transcription technology, capable of delivering accurate transcripts even when dealing with audio with background noise. It provides both automatic transcriptions and human-generated transcripts, with the latter being done by professional transcriptionists to ensure the highest level of accuracy.

Many customer reviews testify to the accuracy of Otter AI's transcriptions, citing the software's performance as being exceptional compared to other automatic transcription services. Despite this, it's always recommended to review transcripts for any potential inaccuracies, particularly for professional or academic use.

The Bottom Line

To recap, here are the best AI transcription software to try this year:

  1. Otter — best of the best
  2. Fireflies — best for meeting summarization
  3. Speak Ai — best for research
  4. AssemblyAI — best for developers 
  5. Wavel AI — best for quick transcriptions
  6. Descript — best for video editing
  7. Symbl.ai — best for extracting actionable insights

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