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In this video tutorial, the presenter demonstrates how to automatically parse receipts using OCR (Optical Character Recognition) with Python. The goal is to track finances and build an automated billing system by extracting data from receipts from various stores. The tutorial features two sample images of receipts from Costco and Walmart, emphasizing that professional-quality scans are not necessary; simple photographs taken with a phone will suffice. The presenter plans to guide viewers through utilizing this computer vision technique to process and parse the receipt information effectively.