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In this episode of the AI show, Neta Haiby, Principal Program Manager on the Microsoft Azure Cognitive Services Team, discusses how to extract data from documents and forms using Optical Character Recognition (OCR) and Form Recognizer. The session starts by introducing the Read API, which is a pre-trained model designed to extract text from both printed and handwritten documents, as well as from various images. It is available as a managed service and a container. The new Computer Vision API v3.0 is also available, with support for multiple languages, including Spanish, German, French, Italian, Portuguese, and Dutch. The importance of forms, such as invoices and tax documents, is emphasized, highlighting their prevalence in various sectors.