Google has launched its Document AI Custom Extractor, a cutting-edge service that utilizes generative AI to extract data from various fields in documents. This allows for the extraction of information from non-standardized forms such as receipts, invoices, and identification cards. By using generative AI, data can be extracted and organized into fields without the need for predefined forms. For instance, it can extract specific portions of contract agreements or even extract data from forms without having to train the system extensively on a large number of documents.
Compared to the previous version of Custom Extractor, this new system supports fine-tuning for increased accuracy. The model can continuously adapt and improve over time, and the old version will still be usable for six months after the release of the new version.
TLDR: Google’s Document AI Custom Extractor employs generative AI to extract data from various fields in documents, even if they do not adhere to standard formats. The system allows for the extraction of information from receipts, invoices, and identification cards, simplifying data retrieval and organization. The new version offers improved accuracy and supports fine-tuning, while remaining compatible with the previous version for six months.
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