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Layout LMv3 is a multi-modal transformer that processes images and text to extract information from documents. It outperforms previous solutions using iron and CNN architectures. The new model is faster due to its efficient image processing. The authors have introduced a 12-layer transformer with specific dimensions and parameters for images, but also offer a 24-layer version. Layout LMv3 is dominating benchmarks and is noted as an improvement over the earlier versions.
