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This video tutorial demonstrates how to make money by transcribing audio into text. The tutorial recommends using the transcription tool called otter.ai, which is based on AI algorithm. Users can sign up for a free account with 600 minutes of transcription, and can purchase more minutes if needed. By uploading audio files, the tool transcribes the audio into text efficiently. Overall, otter.ai is praised as one of the best audio transcription tools available.