Any recommendations for cheap, high-quality transcription software

Question

I have access to a number of old video recordings (now digitized) in Estonian and Russian and I am trying to find a solution that will autogenerate either transcripts or subtitles. I've done some playing with a few solutions, but the languages are usually limited.

cloudking · Accepted Answer

I just used Whisper over the weekend to transcribe 5 hours of meetings, worked nicely and it can be run on a single GPU locally. The best part? It's free. https://github.com/ggerganov/whisper.cpp
It took about 5 minutes to process each hour on a 1080ti GPU.
There are a few wrappers available with GUI like https://github.com/Const-me/Whisper