Images and text have become essential parts of the multimodal machine learning (MMML) framework in today’s world because data are always available, and technological breakthroughs bring disparate forms together, and while text adds semantic richness and narrative to images, images capture visual subtleties and emotions. Together, these two media improve knowledge beyond what would be possible with just one revolutionary application. This paper investigates feature extraction and advancement from text and image data using pre-trained models in MMML. It offers a thorough analysis of fusion architectures, outlining text and image data integration and evaluating their overall advantages and effects. Furthermore, it draws attention to the shortcomings and difficulties that MMML currently faces and guides areas that need more research and development. We have gathered 341 research articles from five digital library databases to accomplish this. Following a thorough assessment procedure, we have 88 research papers that enable us to evaluate MMML in detail. Our findings demonstrate that pre-trained models, such as BERT for text and ResNet for images, are predominantly employed for feature
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