ElevenLabs slashes speech-to-text pricing by 45%
ElevenLabs just cut speech-to-text pricing by 45% at scale and made its Scribe model completely free via the UI until April 9. The model boasts high accuracy across 99 languages. It is an aggressive move to undercut rivals and attract developers needing high-volume transcription.
ElevenLabs, best known for its realistic voice generation, is now aggressively targeting the transcription side of the market.
The company announced a 45% price cut for its Speech to Text model, Scribe, when used at scale. On top of that, it made Scribe completely free to use via its web UI until April 9th.
Slashing prices across 99 languages
Scribe is ElevenLabs' flagship speech-to-text model. The company claims it delivers unmatched accuracy across 99 languages, pitching it as the world's most accurate transcription tool.
By cutting volume pricing nearly in half and lifting paywalls on the web app through April 9th, ElevenLabs is clearly aiming to capture both high-volume developers and curious individual users.
Why it matters
For developers and creators dealing with large audio transcription workloads, this is an easy win to test out while the web interface remains free until April 9th.
The speech-to-text landscape is already crowded with OpenAI's Whisper ecosystem and dedicated players like Deepgram. Slicing enterprise-scale prices by 45% shows that margin compression has arrived in full force for audio AI.
We think ElevenLabs is making a calculated move to own the entire voice stack. By lowering the barrier to its transcription engine, it looks like the company wants developers running both speech input and voice generation under one roof.
Sources (1)
- @elevenlabsio(opens in a new tab)Originaltwitter.com
Topic trackerElevenLabs Scribe Market Competition
- ElevenLabs slashes speech-to-text pricing by 45%This story
- ElevenLabs launches Scribe, an ASR model taking on Whisper across 99 languages