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Parakey vs Apple Dictation

Apple Dictation is built into macOS. Parakey is a focused third-party menu-bar app for local push-to-talk dictation with a documented engine, benchmark, and network surface.

Question Parakey Apple Dictation
Install Homebrew Cask, notarised app, three explicit privacy grants. Built into macOS, enabled from Keyboard settings.
Trigger model Hold-to-talk by default, toggle mode optional. Starts from the configured Dictation shortcut and stops manually or after inactivity.
Engine transparency Parakeet TDT v3 through FluidAudio and CoreML on the Apple Neural Engine. Apple documents where to check whether general text Dictation is processed on device for the current configuration.
Privacy posture No telemetry, no accounts, no transcript persistence. Governed by Apple's Dictation and privacy settings.
Best for Users who want a small auditable utility with a fixed local transcription path. Users who want the built-in system feature and do not want to install another app.

Sources: Parakey source, Apple Dictation guide.