Meetings are automatically transcribed when you start recording, but you can turn transcribing itself on or off, or transcribe a meeting without recording.
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From your meeting, select More actions (...) at the top, choose
Record and transcribe, and then   Start transcription. -
To turn the transcribe panel off, repeat the previous and selectÂ
 Hide transcript or the X in the upper corner.Select
 Transcript to turn it back on. -
To stop completely, repeat the first step and choose
Stop transcription.
Note: Attendees are notified when a transcription is being done. Transcripts are posted in the meeting chat.Â
For more info, see View live transcription in a Teams meeting.