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In this YouTube tutorial, the speaker introduces the LiLT model, which stands for Language Independent Layout Transform Model. The model is designed to extract information from documents, including PDFs and images, and can be fine-tuned with annotated data sets. The document AI industry has seen significant progress in developing models for extracting information, such as entities, from structured documents like financial reports. Other models like Layout LM versions 1, 2, and 3 are also available for this purpose.
