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In this tutorial, the presenter demonstrates how to extract text from PDFs using Python, specifically with the `PyPDF2` library. The video features a sample PDF named "lorem.pdf," which contains Lorem Ipsum text and a hidden character named Waldo. The tutorial utilizes Visual Studio Code, with the presenter activating a virtual environment (although it's noted that following along without one is possible). The required library, `PyPDF2`, is installed, and the script is initiated with the filename `pdf_file_extract.py`. The presenter highlights the importance of proper capitalization in the library name. After importing the `PdfFileReader` from `PyPDF2`, the next step involves creating a PDF file reader object.