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In this video tutorial, Troubleshoot demonstrates how to install, set up, and use Whisper AI on your PC to transcribe any MP3 file into text. Whisper AI is efficient for English and supports various languages and translations. The speaker also explains how YouTube automatically generates captions for videos and introduces a new feature that allows language translation for videos. The YouTuber Theo Joe mentions the limitations of YouTube's transcription and highlights Whisper AI as a lightweight AI that runs on your GPU to improve transcription accuracy on your PC.