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In this episode of the AI show, Neta Haiby from the Microsoft Azure Cognitive Services Team presents on data extraction from documents and forms using OCR and form recognizer. The session begins with an overview of OCR, highlighting the read API, which is a pre-trained model accessible as a managed service or container that extracts text from printed and handwritten documents, as well as from images. The recently released Computer Vision API v3.0 now supports multiple languages, including Spanish, German, French, Italian, Portuguese, and Dutch. The tutorial emphasizes the prevalence of forms across various sectors, such as invoices, tax, banking, and medical fields, underscoring their significance in business operations.