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This video tutorial explores tax representation techniques, focusing on word embeddings like Word2Vec and GloVe. The tutorial now introduces another popular word embedding technique called FastText, which is similar to Word2Vec but with a key difference. The tutorial recommends watching previous videos on Word2Vec to understand the entire technique, which involves creating word embeddings using Continuous Bag of Words (CBOW) and Skip-gram models. CBOW predicts target words based on context, training a neural network to create word embeddings.