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In this YouTube video tutorial, the speaker introduces a model called LiLT which stands for Language Independent Layout Transform. This model helps to extract information from various types of documents such as PDFs and images. The video will demonstrate how to fine-tune the model on annotated data. The document AI industry has made progress in developing models to extract information from documents like PDFs and financial documents. The speaker mentions other models like layout LM versions one, two, and three that have been developed for this purpose.