Swift is a new programming language developed by Apple as a replacement for Objective-C. It incorporates modern programming language design and borrows concepts from other languages like Objective-C, Rust, Haskell, Ruby, Python, C#, CLU, and more. Swift code is compiled with the LLVM compiler to produce optimized native code and works seamlessly with existing Objective-C code and Cocoa frameworks. It focuses on performance, safety, and ease of use through features like type safety, modern control flow syntax, and interactive playgrounds.