On quick video transcription test this model is more accurate than AssemblyAI and Rev AI. It will be harder for them to sell pure ASR now. Some more business-oriented applications will still be important though, for example ASR as part of callcenter analytics solution or as a part of medical ERP system.
The value of automatic summarization is small, without AI it is very hard to make it right, you need to be an expert in the field to understand what is important.