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In this video tutorial, the focus is on extracting text from PDFs using Python. The presenter has a PDF file named "lorem.pdf," which contains lorem ipsum text and a challenge to find "Waldo" hidden throughout the pages. The tutorial utilizes Visual Studio Code, and the presenter activates a virtual environment, though it's noted that viewers can follow along without one. The key library used is "PyPDF2," which is installed via pip, ensuring attention to the correct capitalization. Following the installation, the script is named "pdf_extract.py," and the presenter imports the PDF file reader from PyPDF2 to create a PDF file reader object.