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In this video tutorial, the YouTuber introduces a model called Li LT model, which stands for language independent layout transform model. The model is designed to extract information from documents like PDFs and image documents. The YouTuber discusses how to fine-tune the model on your own annotated dataset. They mention the advancements in the document AI industry and the various models available, such as layout LM models and different versions of layout and mods like layer time version one, layout and version two, and three. The goal is to extract entities and relevant information from structured documents like financial documents.