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In this video tutorial, the presenter introduces a transcription tool called otter.ai, which is based on AI algorithm. Users can sign up for a free account and get 600 minutes of transcription. Additional minutes can be purchased or obtained through different accounts. To transcribe audio, users can simply upload the audio file to the dashboard and let the tool transcribe it. The presenter recommends otter.ai as one of the best transcription tools they have used.
