8 Best AI Transcription Tools to Convert Speech to Text in 2026

Fireflies, Rev AI, and Rask AI are inclusive in the most precise, usually getting 95-99% accuracy with good sound. Accuracy varies with audio quality, accents, technical terms, and noise.

A number of software tools have free versions with restrictions. Fireflies has a restriction of limited monthly minutes, Whisper Memos has the lowest tier pricing, and oTranscribe is 100% free. Nevertheless, for frequent use, precision, and the availability of high-end functions, the subscription costs are generally $10 to $30 monthly, depending on the amount of use.

Indeed, speaker diarization, which recognizes and marks the various speakers, is a feature of the current AI transcription tools. Fireflies, along with Rask AI, are some major players in the industry that can differentiate between speakers even during complicated talks. It becomes easier to tell who is speaking when there is hardly any overlap between the speaking and the voices of the individuals are very different.

No doubt. The authoring and subtitling processes are made easier and faster with the use of EasySub and GhostCut since they are the main software for video transcription, and taking the audio and creating subtitles are done automatically. In addition, there are a number of transcription services that are able to accept video files directly and are capable of working with various formats, such as MP4, MOV, AVI, and more.

Reputable AI transcription tools utilize security of the highest caliber that consists of end-to-end encryption, secure cloud storage, access controls, and compliance with regulations such as GDPR, HIPAA, and SOC2. Always go through the security documents of a tool before dealing with sensitive content.

Numerous contemporary instruments provide transcription combined with translation as a feature. GhostCut, Rask AI, and Exemplary AI, for instance, are capable of transcribing in one language and translating into a wide range of other languages at the same time; thus, they are very well-suited for sending out content on a global scale and for use in international business.