Podcast Transcription Summarization Tool is a lightning-fast AI tool that transcribes a 1-hour audio file in just 1 minute, making it a cost-effective solution for podcast transcription needs. With a pay-as-you-go model of USD $0.06 per minute plus an additional $1 per file, the tool supports various audio and video formats like AAC, MP3, and MP4, and outputs transcripts in formats such as plain text, SRT, VTT, and JSON.