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Today, we will discuss LayoutLMv3, the latest in document AI, focused on parsing information from large document sets. Traditional methods like Iron and CNN are being replaced by transformers, particularly LayoutLMv3, a multimodal transformer for processing images and text. It boasts a 12-layer architecture, with options for 24 layers, and is faster due to improved image processing. Comparisons with previous versions highlight its dominance in benchmark performance.