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In this video tutorial, the presenter demonstrates how to make money by transcribing audio into text using an AI-based transcription tool called otter.ai. Users can sign up for a free account which offers 600 minutes of transcription services. The tool is easy to use, allowing users to simply upload audio files and let it transcribe automatically. The presenter recommends otter.ai as one of the best transcription tools they have used, while also mentioning the availability of other similar tools.