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In this YouTube video tutorial, the speaker introduces a model called Li LT model, which stands for language independent layout transform model. The model helps in extracting information from documents such as PDFs and images. They discuss how to fine-tune this model on an annotated dataset. The speaker mentions the progress in the document AI industry and different versions of layout LM models, including layout LM version one, two, and three. They highlight the importance of extracting entities and relevant information from structured documents like finance documents.