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In this episode of the AI show, Neta Haiby, Principal Program Manager from the Microsoft Azure Cognitive Services Team, demonstrates how to extract data from documents and forms using OCR and Form Recognizer. The session begins with an overview of OCR, highlighting the Read API, which utilizes an off-the-shelf model trained on millions of documents. It functions as a managed service or container, capable of extracting text from both printed and handwritten documents, as well as images. The newly released Computer Vision API v3.0 supports multiple languages, including Spanish, German, French, Italian, Portuguese, and Dutch. The discussion emphasizes the ubiquity of various forms across industries, including invoices, tax, bank, and medical forms.