Speech to text using whisper is almost perfect.
I once worked with someone who wasn’t fluent in English, but could read it really well. He had whisper running during meetings because he could read at the speed it translated, but couldn’t keep up with our casual speech.
Honestly, we didn’t even notice he was using speech to text to keep up with us for a few weeks. We only noticed because of screen sharing.
I imagine that would be a big social boon for deaf people as well.
All that to say, it’s not like there was _no_ good done with all that money.