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In this episode of the AI show, Neta Haiby from the Microsoft Azure Cognitive Services Team discusses the extraction of data from documents using OCR and Form Recognizer. The session begins with an overview of OCR, highlighting the Read API, which is a pre-trained model designed to extract text from both printed and handwritten documents as well as images in various environments. The new Computer Vision API v3.0 is now available, supporting multiple languages including Spanish, German, French, Italian, Portuguese, and Dutch. The importance of forms in various industries, such as invoices and medical documents, is emphasized, showcasing their ubiquitous presence in business processes.