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Today, we're discussing LayoutLMv3, a document AI tool for parsing information from documents. It uses transformers and is faster than previous versions due to improvements in image processing. LayoutLMv3 is a multimodal transformer that processes images and text, extracting information efficiently. The authors have introduced a 12-layer version with specific dimensions, as well as a 24-layer version. This architecture outperforms older solutions and utilizes transformers for optimal performance.