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In this video tutorial, the presenter introduces a transcription tool called Descript that can be used to transcribe audio to text. Manually transcribing audio can be time-consuming and prone to errors such as grammatical and spelling mistakes which could lead to rejection as a transcriber. Descript is a free tool that can transcribe audio accurately without mistakes, even when there are multiple speakers. It can detect and label each speaker in the transcription, making it a useful tool for transcribing audio effectively.