The Symbl.ai Summarization API Challenge is an opportunity for developers to participate in a challenge where they must summarize their favorite video using the Symbl.ai Summarization API within 5 minutes, with the goal of winning prizes and developer swag. The challenge is exclusive to DevScript participants, who are encouraged to follow specific steps to enter, including signing up for a free developer account, viewing API documentation, submitting a video, extracting summarization, tweeting or posting on LinkedIn, and filling out a submission form. To participate, developers must use the Symbl.ai Async API, which allows them to process videos locally downloaded or uploaded via URL, with the goal of generating a summary that can be extracted using a simple REST endpoint call. The challenge is open until February 16, 2022, and offers prizes including $10 gift cards, Symbl.ai T-shirts, and exclusive stickers. Additional resources are available for developers who want to learn more about the Symbl.ai Summarization API and how to participate in the challenge.