Live transcription is technically possible but not currently implemented.
To find the right discussion for you, Clubhouse would need to understand all conversations, meaning it would need to live-transcribe them. Technically this is feasible. Speech to text algorithms have become very powerful. Clubhouse is currently not transcribing conversations, presumably to preserve the authenticity of the moment. However, streaming companies like Spotify or Deezer can tell you that a delay between the user’s dislike and an action such as skip makes it harder for the algorithm to work correctly. Clubhouse will need data and engagement metrics to scale.
— Clubhouse’s Future Depends On Data - How To Build A TikTok Like Algorithm · Forbes