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Today, the video tutorial focuses on LayoutLMv3, the latest in AI document parsing technology. It is a transformer model that can extract information from documents using both images and text. Compared to previous versions, LayoutLMv3 is faster due to its image processing capabilities. This 12-layer transformer model has dimensions and parameters specifically designed for images, with a 24-layer version also available. Transformers have proven to be superior in benchmark tests, surpassing older iron and CNN-based architectures.