The automatic recording and transcribe feature allows an organizer to begin recording as soon as the meeting starts, with no additional action required on the organizer's behalf. To turn this feature on while creating your meeting, locate and toggle on Record and transcribe automatically on the right-hand corner of your new meeting window (yellow circle below).
If you have already generated a meeting and would like to generate a recording, locate and select your desired meeting within your Team calendar. Next, click on the ellipses (circled in red below) and select Meeting options (circled in yellow below).
A new window will open. Select Recording and transcription (yellow circle below).
Next, toggle on Recording and transcription (yellow circle below).
You must save this change (yellow circle below).
This feature will also provide a written transcription of the recording of the meeting.