I have just selected AI timeline transcription on my podcast timeline to generate a whole transcript.
It has failed to identify and transcribe probably 75% of the content in the timeline.
There are two audio tracks - one for me and one for the guest.
I have attached a sample screenshot.

- Excerpt of timeline showing the extent of guest audio and the results seen in the transcription window for this segment of the timeline. This inaccuracy repeats throughout the whole timeline of a 1 hour podcast.
- Screenshot 2025-04-15 at 2.56.10 pm.png (451.99 KiB) Viewed 336 times
After taking 45 minutes to create the transcript, when I look at it (if you look at this sample graphic), you'll see it has identified some dialogue from me ending at 23:46 where the playhead is located.
The entire block of guest dialogue through to 27 minutes is completely missed and transcribed as "hmm"
Virtually all of the guest dialogue has been completely missed by the transcription tool in this hour long podcast.
The transcription accuracy of this tool, through version 19 and now into 20 appears to remain pretty terrible. I'm pleased to see timecodes and speaker names can now be exported in version 20, but the transcription feature for analysing text from audio is performing extremely badly so far (to the point of not usable).
Not great for a paid feature!