Speechmatics has launched its Summarization feature, a comprehensive suite of speech understanding features for customers, which utilizes abstractive summarization to analyze input, extract key points, and produce a summary that captures the essence of the content. The feature offers flexibility in output type, length, and format, catering to various use cases such as contact centers, virtual meetings, media, and podcasts. Large Language Models (LLMs) power the Summarization tool, enabling it to generate coherent summaries based on contextual understanding and creative text generation capabilities. Despite limitations, Speechmatics' Summarization can handle files of any duration, making it a valuable tool for improving productivity and collaboration in content creation and analysis.