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Today we're discussing LayoutLMv3, the latest document AI capable of parsing information from large document sets in an automated way. While Iron and CNN architectures have been used, transformers now dominate benchmarks. LayoutLMv3 is a multimodal transformer processing images and text to extract document information. It's noted to be faster than previous versions due to improved image processing capabilities. It comes in 12 and 24 layer versions, with enhanced speed and performance being key highlights according to the authors.