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In this video tutorial, the speaker introduces a transcription tool that allows users to transcribe audio to text efficiently. Manually transcribing audio can be time-consuming and prone to grammatical and spelling errors, which are not acceptable on transcription websites. The speaker recommends using a free tool called Descript, which can transcribe audio accurately and detect multiple speakers. This tool can help users transcribe audio without errors and improve their chances of being accepted as a transcriber on websites.