A breakthrough in speech-to-text technology has been announced, with the open-sourcing of "Moonshine", a new model that offers faster and more efficient results than the current state-of-the-art. According to its developers, Moonshine boasts a 1.7x speed boost compared to OpenAI's Whisper, while maintaining accuracy. This innovation is expected to revolutionize voice interfaces, enabling near-instant translations and safeguarding privacy through local processing.

Source: https://petewarden.com/2024/10/21/introducing-moonshine-the-new-state-of-the-art-for-speech-to-text/