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Today's tutorial discusses LayoutLMv3, the latest document AI model designed for parsing information from large document sets. This multimodal transformer can efficiently process images and text to extract data, outperforming older iron and CNN-based architectures. LayoutLMv3 consists of a 12-layer transformer with specific dimensions and parameters for image processing, with a faster speed compared to previous versions. Despite similarities to earlier models, LayoutLMv3's enhanced image processing capabilities make it stand out in terms of speed and efficiency.