22.0.0.63 M1 Mac - Caption Failure
Steps to reproduce:
1. Create a sequence from a file with a suitable audio track, open Captions Workspace, Click Transcribe, and accept the default.
Result: Nothing happens -
Expected: The same sequence in 15.4.1 works perfectly
This is the result after waiting 15 minutes. The activity monitor also shows Premiere Pro doing nothing but resting.

System info
Application: Premiere Pro (Beta) v22.0.0.63
OS: macOS v11.5.2, RAM: 8.00 GB GB, CPUs (logical): 8

