The document discusses virtual machine systems and how they allow multiple operating systems to run simultaneously on the same hardware. A virtual machine provides an interface identical to the underlying hardware, creating the illusion of multiple processors. This allows different operating systems to run independently in virtual environments without directly sharing resources. Early examples include CP/67 which virtualized an IBM 360/67 computer. Modern virtualization software like VMware replicates hardware resources to support multiple guest operating systems on a single physical machine.