Universal-2 is the latest speech recognition model launched by AssemblyAI, surpassing the previous Universal-1 in both accuracy and precision. It captures the complexities of human language more effectively, providing users with audio data that requires no secondary verification. The significance of this technology lies in its ability to deliver sharper insights, faster workflows, and an exceptional product experience. Universal-2 features notable improvements in proper noun recognition, text formatting, and alphanumeric recognition, consequently reducing word error rates in practical applications.