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Amazon's Textract AI can read millions of pages in a few hours
Amazon has launched a new offering called Textract for its Web Services customers, and it's like optical character recognition on steroids. It more than just extracts text from documents like its name implies -- Amazon says it can actually identify different document formats and their contents so it can process them properly. The product was designed to be able to recognize if it's taking text from tables and forms from documents, including scanned receipts, tax paperwork or inventories. It then generates structured data that doesn't need human input.
