: Known for high accuracy and speed, Otter.ai allows you to import MP4 files to generate transcripts with speaker labels and clickable timestamps.

: Excellent if you also need to turn that text into subtitles. VEED can auto-transcribe the video and allows you to download the text as a .txt or .srt file.

: For those needing high-precision results, ElevenLabs provides a video-to-text converter that handles 99+ languages and identifies different speakers automatically. General Steps for Most Tools