Interesting, I haven't used Whisper, is it cost effective? Seems to be about 36 cents per (hour long) video? How long does processing take?
Are you sure you're looking at automatic transcripts? YouTube transcripts are bizarrely low quality if they're not provided by the creators (I've actually used my Google Pixel's live transcription to make better captions occasionally).
I just checked a video my girlfriend uploaded a week ago and the auto-transcript was still pretty messy. I've used Whisper for the same task and it's significantly better.
I know people who upload a video on YouTube unlisted just to get transcripts generation for free and then delete the video.
whisper v3 large on release day was around 1x on a 4090