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In this tutorial, the presenter introduces a new Excel AI tool called Excel Formula Boot, designed to simplify the process of creating Excel formulas from text instructions. The tool is accessible for free via its website, where users can create an account to log in and access a dashboard featuring generators, usage, and promotions. The free version allows users to generate up to five formulas per month. The tutorial demonstrates how to use the tool to generate Excel formulas quickly and efficiently, highlighting its capabilities to transform written instructions into functional Excel commands.