The Transcription plugin enables users to generate high-quality text transcriptions from a variety of audio and video file formats, utilizing advanced speech-to-text technology. It supports multiple transcription engines, including cloud-based Swiftink.io, which offers domain-aware, free, high-quality transcriptions, and Whisper ASR, an open-source local option. Users can transcribe multiple files simultaneously, access start and end timestamps for each transcribed line, and work with the transcriptions in the background. Additionally, Swiftink.io provides summaries, outlines, and notes for each transcription, enhancing the productivity and organization of transcribed content.