Unlike cloud-based services (e.g., Google or Otter.ai), Adobe processes transcription locally on your GPU. Build 216 supports:

At the top of the Text panel, switch to the tab or click the CC icon. Click Create Captions from Transcript .

The ethical and much safer alternative is to subscribe to Adobe Creative Cloud. The official Speech to Text feature is included at with any Premiere Pro subscription. Here's what you get with an official license:

: Converts transcripts into captions that match the dialogue's tempo and allows for styling via the Essential Graphics Text-Based Editing

You can select a paragraph of text in the Transcript panel, cut it ( Ctrl+X / Cmd+X ), and paste it ( Ctrl+V / Cmd+V ) into a different position in the text. The timeline tracks will automatically shift to reflect the new arrangement.