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Cool demo! For local transcription (without fancy stuff like sentiment analysis etc.), Whishper has served me really well, which also uses OpenAI's Whisper.

https://github.com/pluja/whishper

https://whishper.net/guides/install/

Wasn't aware tooling for whisper came out. Whishper looks neat, definitely better than what i'm using now( whisper locally/collab and then editing with SubtitleEdit/gaupol). Thanks