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Are you talking about rewind.ai? (no affiliation) I have been eyeing the service, I tried the free version and it was pretty amazing. But I can't bring myself to pay the $30/mo. Hoping somehow they offer this for $10/mo someday.

https://www.rewind.ai

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"Rewind compresses, transcribes, encrypts, and stores your data locally so only you have access." sounds good.

Was your CPU usage ok when running the background service?

CPU usage was definitely noticeable, but not more than 8-10% IIRC (on M1). I remember lots of tiny 0->10% spikes rather than a steady ~5% when viewing the CPU graphs.

it says on m1 and m2 macs it uses 20-40% of one core, or up to 5% of all CPU. Local transcription is expensive (in my experience).

It appears i am misremembering, because i thought it was for windows. Oh well.

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