AssemblyAI, used by companies to build AI speech models, raised $50M led by Accel, taking its total funding to $115M, and says paying users grew 200% YoY to 4K (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:

AssemblyAI, used by companies to build AI speech models, raised $50M led by Accel, taking its total funding to $115M, and says paying users grew 200% YoY to 4K  —  Companies are betting big on generative AI to gain a competitive edge.  But adoption challenges remain.