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In this video tutorial, the speaker introduces a transcription website that allows users to transcribe audio to text and make money. Manual transcription can be time-consuming and prone to grammatical and spelling errors, which can result in rejection as a transcriber. The speaker recommends using the tool called Descript for accurate transcription without errors, even in cases of multiple speakers. This tool automatically detects and labels different speakers, making the transcription process more efficient and error-free.