Hello community!
I found a decently easier solution for this situation that will still enable you to "somewhat" use Copilot for your meeting and have a transcription of it automatically generated.
- Using Edge, go to Microsoft Stream (Stream | Microsoft 365 Copilot) and press on "Screen Recording".
- Go to the Edge's 3 dots at the top/right corner, then hover down over "Apps", and then click on "Install this site as an App".
- In the popup that will appear, click on "Install".

- In the next popup that will appear, leave at least the "Taskbar" checkmark activated and click on "Allow". It will pin the "Recording Stream Website" on your taskbar and it will behave like it's an App installed on your computer, but will always be launched in a minimalistic version of Edge (I love this feature! I use it a lot!).


- Open this new "App" before your meeting to start and click on the big button "Start screen recording".

- If it asks you to have access to your microphone, allow it.
- Choose at your will what option of recording you prefer, if you want the meeting alone, or Teams, or a whole screen. There are many options available there.
- Once meeting is over, this recording will land directly inside Stream (Stream | Microsoft 365 Copilot). Once in there, Stream will enable you to transcribe that recording using Copilot, just hit on Start transcribing, inform what language was spoken in the recording, wait for it to complete, and off you go!!

Final remarks:
It will take longer for you to produce meeting notes because you have to wait for the transcription to finish. Also Copilot won't be able to clearly match who said what the way Teams was used to do, but you have the recording and the transcription, and from here you can translate to whatever language that you need, play with the recording to recap who said what and when. Basically re-enabling you to have the control of the Live Captions, without recording the meeting, and without using the Live Captions inside the meetings.
Hope it helps, folks! Let's continue pushing MSFT to re-able to the copy/paste of the Live Captions! Please continue hitting that up vote and share with all your colleagues to do the same!
Feature Up Vote link: I would like to continue using the copy function for live captions. · Community