In this episode of the Everyday AI podcast, we explore how affordable and faster AI transcription is revolutionizing businesses. The show kicks off with the latest AI news before diving into a conversation with Philip Kiely, the Head of Developer Relations at Base10. Kiely explains the advantages of AI transcription and the capabilities of OpenAI's Whisper model. He illustrates how transcription transforms audio from meetings and calls into searchable text, making analysis easier, enhancing quality control, and streamlining content moderation. Notably, he points out the significant drop in costs—from several dollars to just cents per hour—opening up a world of possibilities for businesses, such as real-time subtitling and AI-driven phone systems. The episode wraps up by highlighting the continuous improvements in AI transcription speed and accuracy, motivating listeners to consider its potential to boost workflow efficiency and inspire innovative applications.