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In this episode of the AI show, Neta Haiby, Principal Program Manager at Microsoft Azure Cognitive Services, discusses data extraction from documents using OCR and Form Recognizer. The session focuses on utilizing the read API, which is an off-the-shelf model trained on millions of documents for text extraction from printed and handwritten sources, as well as images. The newly available Computer Vision API v3.0 supports multiple languages, including Spanish, German, French, Italian, Portuguese, and Dutch. The discussion emphasizes the prevalence of forms across various sectors, such as invoices, tax, banking, and medical, highlighting their importance in diverse applications.