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In this video tutorial, the speaker introduces a transcription tool that can help transcribe audio to text efficiently. Manual transcription is time-consuming and prone to errors, such as grammatical and spelling mistakes, which are not accepted by transcription websites. The speaker recommends using the free tool called Descript, which can transcribe audio accurately without errors and can even detect multiple speakers in a conversation. By using this tool, transcribers can ensure accuracy and speed in their transcription work.