Wouldn't cost that much if the transcribing is done on device
Google had (and has afaik) significant challenges implementing multiple wake-word detection for precisely this reason.
Transcribing a couple of words accurately on-device without a major performance penalty (so that it can be running in the background always) is just _barely_ coming out now.
Of course running it 24/7 in the background would ruin my battery, you would have to be smarter than that.