The document discusses the Church-Turing thesis, which proposes that any function that is computable can be simulated by a Turing machine. It describes how Alan Turing invented Turing machines and Alonzo Church developed the λ-calculus to formally define computable functions. The Church-Turing thesis asserts that these are equivalent ways to define an algorithm or effective method. It also provides an example of a Turing machine that accepts strings with an even number of 1s.