The 'Realtime Text Rephrasing While Typing' tool is an AI-based software that assists users in text editing in real time. The tool uses Artificial Intelligence (AI) to help users rephrase their texts as they type, ensuring that the context and meaning of their original text remains intact while making it more professional or casual based on the user's needs. The tool can be used in a variety of scenarios, supporting different types of writing styles. For example, the tool offers options such as 'For Boss' and 'For Girlfriend', which allows the user to easily switch between formal and informal tones respectively. By utilizing this tool, users can improve their text writing and communication effectiveness. This application requires activation by entering an OpenAI API Key and currently does not support pasting functionality. In addition to this, the requirement for JavaScript to be enabled for running this application should also be kept in mind. Moreover, the tool also provides notification viewing and access to the user menu. The application is designed to make typing more intuitive and text more expressive. Overall, this AI-powered tool can enhance writing skills by providing timely inputs and relevant suggestions while writing, fitting the requirements of the user's context and audience perfectly.