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In this episode of the AI show, Neta Haiby, Principal Program Manager at Microsoft Azure Cognitive Services, discusses extracting data from documents and forms using OCR and Form Recognizer. The session begins by introducing OCR, featuring the Read API, a trained model that can extract text from printed documents, handwritten text, and images. This API is available as a managed service and container. The new Computer Vision API v3.0 is now generally available, supporting languages such as Spanish, German, French, Italian, Portuguese, and Dutch. Forms are ubiquitous across various sectors, including invoices and medical forms, highlighting their importance in business operations.