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In this episode of the AI show, Neta Haiby, Principal Program Manager from Microsoft's Azure Cognitive Services Team, discusses extracting data from documents and forms using OCR and the Form Recognizer. The session focuses on the Read API, which is a trained model that extracts text from both printed and handwritten documents, as well as from images. The new Computer Vision API v3.0 is highlighted as now generally available and it supports multiple languages, including Spanish, German, French, Italian, Portuguese, and Dutch. The importance of forms such as invoices, tax documents, and medical forms is emphasized as they are prevalent in various sectors, despite challenging times.