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In this video, the YouTuber discusses the LiLT model, which is a language-independent layout transform model used to extract information from various types of documents such as PDFs or images. The model can be fine-tuned using annotated data sets. The document AI industry has seen significant progress in developing models for extracting information from documents. Layout LM models, including versions one, two, and three, are available for this purpose. There are challenges in extracting entities and relevant information from structured documents such as financial documents.
