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Does anyone have a similar mobile application that works locally and is not too expensive? Mostly looking to transcribe voice messages sent over Signal which does not offer this OOTB

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I have been using this one from Futo for quite some time and love it: https://keyboard.futo.org/

They also have a voice input only version if you still would like to keep your typing keyboard: https://voiceinput.futo.org/

There is one single app I've been able to find that offers Parakeet-v3 for free locally and it's called Spokenly. They have paid cloud models available as well, but the local Parakeet-v3 implementation is totally free and is the best STT has to offer these days regardless. Super fast and accurate. I consider single-user STT basically a solved problem at this point.

Spokenly is great too, but Handy's minimalistic and focused UI won me over.

Spokenly is my go-to app on iOS for transcription as well.

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