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In this video tutorial, the presenter introduces the Li LT model, which is a language-independent layout transform model used to extract information from various document types such as PDFs and image documents. The model can be fine-tuned on annotated data sets. There have been advancements in the document AI industry with the development of models like layout LM models, including versions one, two, and three. These models aim to extract entities and relevant information from structured documents such as financial documents.
