The document discusses Strassen's algorithm for matrix multiplication. Strassen's algorithm improves upon the standard O(n^3) matrix multiplication algorithm by reducing the number of multiplication operations from eight to seven when multiplying 2x2 matrices. It achieves this reduction using a divide and conquer approach along with seven specialized formulas. Pseudocode is provided to demonstrate how the algorithm recursively breaks down matrices and calculates the matrix product. The time complexity of Strassen's algorithm is O(n^2.8074), an improvement over the standard algorithm.