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In this video tutorial, the presenter introduces a transcription tool that allows users to convert audio into text, which can be used to earn money. Manual transcription can be time-consuming and prone to mistakes, such as grammatical and spelling errors, which could lead to rejection as a transcriber. The presenter recommends a free tool called Descript, which is able to transcribe audio accurately and detect multiple speakers. This tool can help users transcribe audio efficiently and effectively without errors.