how can you say 'the person I'm talking with' with one word?

Solution 1:

The word is interlocutor. "You have to hear/listen to your interlocutor."

But it can refer to anyone taking part in a conversation.

Solution 2:

"collocutor," meaning "The person with/to whom one is speaking."

collocutor noun col·loc·u·tor \kəˈläkyətə(r), kōˈ- ˈkäləˌkyütə(r)\ Definition of collocutor

: a person to or with whom one speaks

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