Nikhil Musham gave a technical seminar on Intel's MMX technology for enhancing processor performance. MMX utilizes SIMD parallelism and packed data types to accelerate multimedia and communications applications while maintaining compatibility. It includes new packed data types, an enhanced instruction set with arithmetic, comparison, conversion and other operations, and eight new 64-bit MMX registers. MMX provides significant performance improvements over non-MMX code for tasks like chroma keying through parallel execution and reduced instructions.