Symbol on some photos
What is the round blue symbol on the right lower corner of some photos?
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This is the new "Live Text" feature. See: macOS Monterey - New Features - Apple
"Live Text in photos
Text is now completely interactive in all your photos, so you can use functions like copy and paste, lookup, and translate. Live Text works in Photos, Screenshot, Quick Look, and Safari.8"
If Photos can recognise text in a photo, you can select or copy it, like in a text document. Just click the blue symbol to work with the text. A detailed description is here: Interact with text in a photo using Live Text in Photos on Mac - Apple Support (LK)
Also new:
Visual Look Up
"Swipe up or click the information button on any photo to highlight recognized objects and scenes. Learn more about popular art and landmarks around the world, plants and flowers out in nature, books, and breeds of pets."
Learn more about a photo using Visual Look Up in Photos on Mac – Apple Support (UK)