Theano is a Python library that allows defining, optimizing, and evaluating mathematical expressions involving multi-dimensional arrays efficiently. It can compile expressions into optimized C code for fast CPU and GPU execution. Theano uses symbolic differentiation to automatically compute gradients for neural network training via backpropagation. It represents computations as a graph with variable nodes and operation nodes. This graph can be optimized before generating efficient C code. Theano is useful for machine learning algorithms that require large-scale numeric optimization like neural networks. The document discusses implementing word embedding models in Theano including autoencoder, GloVe, and skip-gram negative sampling models. Code examples are provided in GitHub links.