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In this YouTube video tutorial, the presenter discusses a model called Li LT, which stands for language independent layout transform. The model is used to extract information from various types of documents such as PDFs and image documents. The presenter explains that there have been advancements in the document AI industry, with models like layout LM and different versions of layout LM models being developed to extract entities and information from structured documents. The focus is on fine-tuning the Li LT model on an annotated dataset to extract relevant information efficiently.