The latest update to Speechmatics' Autonomous Speech Recognition software introduces Entity Formatting functionality, which consistently formats entities such as numbers, currencies, and addresses in transcripts, making them more readable and reducing the need for human editing. This addition tackles a challenging task in machine learning known as Inverse Text Normalization and is particularly valuable for enterprise-level customers in industries like media, financial services, and healthcare where accurate formatting of numbers is critical. The update follows Speechmatics' previous advances in Autonomous Speech Recognition technology, which trains on large amounts of unlabeled data without human intervention to deliver comprehensive understanding and reduce AI bias and errors.