Wispr Flow, the AI-powered dictation app, appears to be on the verge of entering the crowded meeting notetaker market. The company's recently updated Terms of Service and privacy policy, along with a customer email, reveal plans for a feature that will process meeting audio and generate transcripts, summaries, and action items. Main Developments The updated terms explicitly describe the notetaker's functionality, stating that input may include meeting audio, participant information, speaker labels, and transcripts. Output will feature AI-generated summaries, action items, meeting insights, and speaker attribution. This language confirms the feature's scope, though the company has not yet made an official announcement. Wispr Flow also emailed customers about the policy changes, signaling that the notetaker is ready for rollout. The startup has remained tight-lipped on specifics, declining to comment when approached for this story. The lack of detail leaves questions about whether the tool will rely on system audio, like Granola, or offer full recording capabilities. Read also: Horizon3 triples valuation to $2B in $250M round amid AI threat surge Background Founded by co-founder Tanay Kothari, Wispr Flow has long positioned itself as an AI assistant for voice input. Kothari has previously discussed building a broader AI assistant in interviews, and the meeting notetaker appears to be a logical extension of that vision. The company has raised over $81 million to date, with a valuation of $700 million at its last funding round. In May, Bloomberg reported that Wispr Flow was in talks for a new round that could value the company at $2 billion. That potential funding would give Wispr Flow significant resources to compete against established players like Granola, Fireflies, Read AI, Otter, and Fathom, all of which already offer meeting transcription and summarization tools. Why It Matters Entering the meeting notetaker space would allow Wispr Flow to gather richer context about its users' professional lives. With access to meeting data, the company could automate tasks beyond cleaning up spoken sentences, potentially creating a more proactive AI assistant that anticipates user needs. This move could also intensify competition in a market where differentiation is key. For users, the new feature promises convenience, but it also raises privacy considerations. The updated privacy policy suggests Wispr Flow is preparing to handle sensitive meeting data, and how it secures and uses that data will be critical for user trust. The company's valuation jump to $2 billion, if realized, would reflect investor confidence in this expansion. What's Next Wispr Flow has not announced a launch date, but the policy updates and customer email indicate an imminent rollout. The startup must now clarify whether its notetaker will be a Granola-style tool that transcribes without storing audio or a more comprehensive recording solution. That decision will shape its appeal to privacy-conscious users and its competitive positioning. Observers will also watch for confirmation of the reported $2 billion funding round, which could accelerate product development and marketing. Until then, the notetaker's exact feature set and pricing remain unconfirmed, leaving room for speculation ahead of an official launch.