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JPMorgan has introduced DocLLM, a generative language model that enhances the interpretation of multimodal documents, including forms, invoices, and contracts. This model differentiates itself by effectively analysing the spatial layout of documents without relying on complex image processing, focusing instead on textual and layout cues. DocLLM excels in handling complex document formats, achieving top performance on various benchmarks. Its effectiveness comes from learning from many legal documents, making it good at dealing with different types of content. JPMorgan Announces DocLLM for Multimodal Document Understanding
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