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Today's video tutorial demonstrates how to make money by transcribing audio into text. The recommended tool is otter.ai, a transcription tool based on AI algorithm. Users can sign up for free and receive 600 minutes of transcription. Additional minutes can be purchased or accessed through different accounts. Simply import audio files, let it transcribe, and download the text. Otter.ai is described as one of the best transcription tools available, although there are other options to explore.