Whisper and self-hostable LLMs had a cambrian explosion about 1 year ago, I attended a GPT4 hackathon last March and in 48 hours saw people hook up Speech2Text -> LLM -> Text2Speech pipelines for their live demos. I thought we would all have babelfish by June.
Months later I later attended some conferences with international speakers that really wanted to have live, translated-on-the-fly captions, but there wasn't anything off the shelf they could use. I found a helpful repo to use whisper with rolling transcription but struggled to get the python prerequisites installed (involving hardlinking to a tensorflow repo for my particular version of m1 CPU). It was humbling and also hype-busting to realize that it takes time to productize, and that the LLMs are not magic that can write these applications themselves.
In the meantime even Google hasn't bothered to run the improved transcription models on YouTube videos. They are still old 80% accurate tech that's useless on anyone with an accent.