Key Points:

• By AI Trends Staff Advances in the AI behind speech recognition are driving growth in the market, attracting venture capital and funding startups, posing challenges to established players.
• The growing acceptance and use of speech recognition devices are driving the market, which according to an estimate by Meticulous Research is expected to reach $26.8 billion globally by 2025, according to a recent account in Analytics Insight .
• Better speed and accuracy are among the benefits of the evolving technology.
• Dylan Fox, CEO and Founder, AssemblyAI One company in the throes of this new growth, Asse