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OpenAI released two transcription models — GPT-Transcribe and GPT-Live-Transcribe — just two days before this recording, so real performance data is still thin. Trip Wire and Jack Lock work through what's actually documented: the truncation bug that silently drops audio, phantom name substitutions, billing telemetry that returns zeros, and where live versus batch transcription genuinely differ. The takeaway is grounded in reports from developers hitting real walls, not launch-day marketing.