70 cents per hour is a mountain of fees... basically a $1 per meeting. Sheesh.

The median salary in the US is $29/hour. By definition a one hour meeting has at least two people in it; often more. So two median guys talking for an hour costs ~$60. The meeting the you really want transcripts for often contain more than one person; and often involve people earning more than the median. I'd happily ad $1 to every single one of my meetings if they get more productive.

$0.70/hr is our starter rate for low-volume testing. In production, developers will see higher usage and choose to commit to volume and longer-term usage. Because of this, we've seen most teams don’t pay the starter price once they scale beyond early pilots

It is a lot but processing real time video and audio streams inherently consumes alot of CPU. So they may not be making as much profit on that price as you'd think.

I run an open source alternative to Recall (for meeting bots), and our costs are about 8 cents per hour.