{"slug":"openai-gpt-4o-mini-transcribe","name":"OpenAI gpt-4o-mini-transcribe","domain":"openai.com","best_rank":7,"categories":1,"entries":[{"slug":"best-cheap-speech-to-text-api","title":"Best cheap speech-to-text API","rank":7,"of":10,"score":3,"appearances":1,"modelRanks":{"Claude":3},"reason":"$0.003/min with word error rates better than the original whisper-1 endpoint ($0.006/min), trivially adopted since most stacks already have an OpenAI key; near-tie with Deepgram — it wins on simplicity and raw WER on clean audio, Deepgram wins on features","reasons":[{"model":"Claude","reason":"$0.003/min with word error rates better than the original whisper-1 endpoint ($0.006/min), trivially adopted since most stacks already have an OpenAI key; near-tie with Deepgram — it wins on simplicity and raw WER on clean audio, Deepgram wins on features"}],"fixes":[{"model":"Claude","fix":"No speaker diarization and limited timestamp granularity, so it's not for meeting-transcription products; as an LLM-based transcriber it can occasionally hallucinate fluent-but-wrong text on silence or noise"}],"updated":"2026-07-15","api":"https://modelsagree.com/api/v1/best/best-cheap-speech-to-text-api.json"}],"page":"https://modelsagree.com/product/openai-gpt-4o-mini-transcribe","check":"https://modelsagree.com/check?q=OpenAI%20gpt-4o-mini-transcribe","updated":"2026-07-16T03:47:53.793Z","attribution":"modelsagree.com, CC BY 4.0"}