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In this tutorial, the presenter demonstrates how to extract text from PDFs using Python. They start with a PDF file named "lorem.pdf," which contains lorem ipsum text and hides the character Waldo on various pages. The tutorial uses Visual Studio Code for coding and begins by activating a virtual environment, though it's noted that following along without one is possible. The presenter installs the necessary library, "PyPDF2," emphasizing the capitalization, and then updates pip. A Python script named "extract.py" is created, which will utilize the PyPDF2 library to import the PDF file reader object for text extraction.