1) The document discusses matrix multiplication and Strassen's algorithm for matrix multiplication. Strassen's algorithm improves upon the normal O(n^3) matrix multiplication algorithm by reducing the time complexity to O(n^2.81).
2) It provides code to implement basic matrix multiplication in C and explains Strassen's divide and conquer approach which uses 7 matrix operations rather than 8 to multiply 2x2 matrices.
3) Adopting Strassen's algorithm can help reduce time complexity compared to the normal matrix multiplication approach.