Google has announced a large overhaul of its Cloud Speech-to-Text product (formerly the Google Cloud Speech API). Google Cloud Speech-to-Text now supports a selection of pre-built models, automatic punctuation, recognition metadata, and standard service level agreement (SLA).
Maluuba is a company that has created a patent-pending, voice recognition and language engine. According to Crunchbase, Samsung Ventures funded $2 million to Maluuba in February 2012, and the Maluuba language engine "is a product of two years of advanced research in artificial intelligence, machine learning and linguistics." Yesterday, Maluuba announced the introduction of a preview alpha release of what the company describes as the "first of its kind" natural language understanding API (nAPI).