Parakeet TDT 0.6B v3 vs Deepgram Nova-3
Two speech-to-text models compared on price, context, capabilities and measured speed. External prices are public list rates verified 2026-09-16; Inference APIs prices are live.
| Parakeet TDT 0.6B v3 | Deepgram Nova-3 | |
|---|---|---|
| Provider | NVIDIA | Deepgram |
| Model id | nvidia/parakeet-tdt-0.6b-v3 | nova-3 |
| Price | $0.002 / audio minute | $0.0077 / audio minute |
| Capabilities | Speech to text, Very fast, Timestamps, 25 languages | Speech to text, Streaming, Diarization, Keyterms |
| Weights | Open | Closed |
| Availability | Available on Inference APIs | Available |
| Rate limits | No daily caps; pay per request | Pay-as-you-go list price; volume plans are lower. |
| Real-time factor | 0.036× (19.5s clip in 0.7s) | not measured |
Cost for 10 hours of audio
Parakeet TDT 0.6B v3 is about 74% cheaper for this workload at list price. Price is only part of it: free tiers and usage tiers cap how much you can send per day, and a retired model is unavailable at any price. The "Rate limits" row above is the practical difference for a production app.
Measured speed
Speed figures for Inference APIs models are medians of three runs from a European client on 2026-09-16, against the public endpoint, using a ~120-word generation prompt (chat), a 300-character paragraph (speech) or a 19.5-second clip (transcription). External models are not measured here; treat "not measured" as unknown, not slow.
When to pick which
- Parakeet TDT 0.6B v3 — NVIDIA's very fast English-first transcription model with accurate timestamps; ideal for long recordings and batch jobs.
- Deepgram Nova-3 — Pay-as-you-go list price; volume plans are lower.
Try Parakeet TDT 0.6B v3
Same OpenAI request shape; the change is the base URL and key. Full parameters, aliases and pricing on the model page.
External prices and limits come from the linked provider pages and were verified on 2026-09-16. Spotted a change? Tell us.