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In this YouTube video tutorial, the presenter introduces the Li LT model, which stands for Language Independent Layout Transform model. The model is designed to extract information from various types of documents, including PDF and image documents. The video discusses the process of fine-tuning the model on an annotated dataset. The document AI industry has made significant progress in developing models to extract information from structured documents. Other models like layout LM models and different versions of layout LM, such as version one, two, and three, have also been developed.