You can use Whisper to transcribe the audio to text locally on the mac.

You have a great Open-source implementation named whisper.cpp and a few graphical user interfaces for it:

https://github.com/ggerganov/whisper.cpp

https://sindresorhus.com/aiko

https://goodsnooze.gumroad.com/l/macwhisper

Personally I use MacWhisper pro because it’s very convenient.