Deploy Copilot for Microsoft 365: setup, admin controls, and more

The options are described here https://learn.microsoft.com/en-us/microsoftteams/copilot-teams-transcription

Select one of the following values from the dropdown for the Copilot setting:

On- Select this value if you want your organizers to use Copilot without the transcript. You should use this value if you disabled Transcription for organizers with this policy. When organizers with this policy create meetings, Copilot isn’t accessible once the meeting is over.

On with transcript- Select this value if you want your organizers to use Copilot with the transcript. You should use this value if you enabled Transcription for organizers with this policy. Copilot is available both during and after meetings that organizers with this policy create meetings.