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In this video tutorial, the speaker introduces a transcription tool that can convert audio to text, allowing users to earn money by transcribing. Manual transcription is time-consuming and prone to errors, such as grammatical and spelling mistakes, which can lead to rejection by transcription websites. The speaker recommends using the free tool "Descript" to transcribe audio accurately, even when multiple speakers are involved. This tool can detect different speakers and ensure transcription quality.
