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Group Transcribe is a mobile app that provides live transcription and translation for conversations in real life. The app assigns speakers to each device and allows for easy sharing of transcriptions. Users can create a session, invite others to join by scanning a QR code, and have their names displayed next to their transcriptions. This app is useful for taking detailed notes and minutes effortlessly. Transcriptions can be shared via various platforms like Teams, making it easy to reference the conversation later on.