auto-transcribe not available in sequence menu in premiere pro 23.5

Hi,
I'm running Premiere 23.5 on an M1 MBP with Ventura. The auto-transcribe sequence function is not available in the sequence dropdown menu, where it used to be located and where it's still supposed to be according to what I read.
I tried using the transcript window within the text window instead. However, this doesn't seem to give me an option to select the language. It defaults to English, but since my VO is in German, the resulting text is nonsense. I am aware that language packs need to be installed for anything other than English. The system doesn't know though that the text is in German and I can't find a way to tell it.
Am I missing something or is this a bug? Please advise.
Thanks in advance,
Best, Julian
