live Trump says peace deal will be signed on Sunday; Iran says it may take days
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Fore...
AI startup ElevenLabs, known for its cutting-edge audio-generation technology, has unveiled its first stand-alone speech-to-text model, named Scribe.
The company, fresh off a $180 million funding round and valued at $3.3 billion, is now expanding its technology portfolio to compete in the speech detection arena.
Scribe supports over 99 languages at launch, with more than 25 languages achieving an “excellent” accuracy rating—defined as a word error rate of less than 5%. This list includes English, with a claimed accuracy rate of 97%, as well as French, German, Hindi, Indonesian, Japanese, Kannada, Malayalam, Polish, Portuguese, Spanish, and Vietnamese. Other languages are categorized into high, good, and moderate accuracy levels based on their word error rates.
According to benchmark tests using FLEURS and Common Voice datasets, Scribe has outperformed competitors such as Google Gemini 2.0 Flash and OpenAI’s Whisper Large V3 across multiple languages. Previously, ElevenLabs developed a speech-to-text component for its AI conversational agent platform, but Scribe marks the first time the company is releasing a dedicated, stand-alone speech detection model.
CEO Mati Staniszewski told TechCrunch last month, “We want to understand what’s being said by you in a conversation better. We are working on ways to move away from only generating content and understanding and transcribing speech.” He noted that while many consider speech-to-text a solved problem, performance for many languages remains suboptimal. “We think we can build better speech detection models because we have in-house teams to annotate data and give us quick feedback,” Staniszewski added.
In addition to accurate transcription, Scribe incorporates smart speaker diarization to identify who is speaking, provides word-level timestamps for precise subtitle generation, and auto-tags sound events such as audience laughter. The model currently processes pre-recorded audio formats, and ElevenLabs plans to release a low-latency real-time version in the near future, which would extend its use to meeting transcriptions and live voice note-taking.
Scribe is priced competitively at $0.40 per hour of transcribed audio, although some rival services offer lower prices with different feature sets. As ElevenLabs continues to push the boundaries of generative AI technology, the launch of Scribe marks another significant step in expanding its influence across both audio-generation and speech detection markets.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
The Canadian government has introduced a digital safety bill that would ban children under the age of 16 from using social media, unless platforms meet specific safety standards.
NASA has named three American astronauts and one Italian astronaut to fly on its Artemis III mission, a major orbital test planned for late next year that will evaluate lunar landing vehicles developed by SpaceX and Blue Origin.
China will send an astronaut to its space station on Sunday for a one-year mission, the longest duration for the country so far. The mission will help study long-duration human physiology in space as China works toward a crewed Moon landing by 2030.
Anxiety over artificial intelligence is hardening among young workers as executives promote faster adoption and companies point to automation in fresh job cuts.
Hackers are increasingly using artificial intelligence to detect software vulnerabilities, reducing the time organisations have to respond to cyber threats, Verizon said in its annual data breach report.
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