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In this tutorial, Kevin introduces a new feature in Word Online called "transcribe." Unlike the existing dictation function that allows real-time speech-to-text conversion, transcribe enables users to record audio in advance. This is particularly useful for scenarios like interviews or lectures. Users can upload their recorded audio files into Word Online, which then generates a transcription of the conversation. A notable benefit of this feature is its ability to recognize and distinguish between different speakers in the audio. Kevin promises to demonstrate how this functionality works in the tutorial.