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In this video, Shrini discusses the evaluation of semantic segmentation, focusing on the intersection over union (IoU) approach. Semantic segmentation involves classifying individual pixels instead of labeling an entire image, using an example of different minerals in a rock. The video critiques using accuracy as a metric, particularly in cases of class imbalance common in multi-class situations. Accuracy looks at predictions against the ground truth but falls short in effectiveness under these circumstances. The video emphasizes the need for better evaluation methods in semantic segmentation tasks.