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In this video tutorial, Anson from Anson alex.com demonstrates how to convert text in a PDF to actual text format on a Mac computer running OS 10. He explains how to use the built-in application Automator to create a custom app that can extract text from a PDF document and preserve formatting, such as bold and italics. Anson notes that this method does not extract images from PDF files, requiring a separate application for that task. Additionally, he briefly mentions a free online program that can fully convert PDFs, including text and images.