The 2023 State of ASR report provides insights into the performance and accuracy of various automatic speech recognition (ASR) engines, highlighting key metrics such as word error rate (WER) and formatted error rate (FER). New contenders like Whisper and AssemblyAI are gaining traction, while established players like Speechmatics and Microsoft have shown notable improvements. Despite advancements, the report emphasizes the necessity of human intervention for achieving high captioning quality, as even the best ASR technologies still struggle to meet compliance standards.