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In this tutorial, Kevin introduces a new feature called "transcribe" in Word Online. Unlike the existing dictation function that converts speech to text in real time, transcribe allows users to record audio in advance, such as during interviews or lectures. Users can then upload this audio file into Word Online to generate a transcription of the conversation. A notable advantage of the transcribe feature is its ability to recognize and identify multiple speakers in the recorded audio. Kevin will demonstrate how this functionality works.