Dictaphone is an AI-powered transcription service that enables users to transcribe audio files in formats such as .mp3, .wav, .m4a, .ogg, and .flac. By leveraging OpenAI's Whisper API, Dictaphone ensures accurate and reliable transcriptions. Users simply need to upload their audio file, and Dictaphone takes care of the rest, providing a quick and efficient way to convert speech into text.