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In this video tutorial, the presenter introduces a document understanding model called layout lm model, which aids in extracting relevant entities from documents. This model is considered state-of-the-art and simplifies the process of processing documents compared to traditional methods involving OCR and named entity recognition (NER). The layout lm model goes beyond OCR and NER by providing more comprehensive information for understanding documents and extracting entities. The video will delve into the architecture of the layout model and its benefits in document understanding.
