The document discusses Advanced eXtensible Interface (AXI), which is a third generation interface specification that is targeted at high performance systems. AXI uses separate address/control and data phases to improve performance. It supports burst transactions where only the start address is issued and multiple outstanding addresses can be in flight simultaneously. AXI consists of five channels to separate read and write operations. Simulation results showed that AXI provides higher throughput than older AMBA interfaces, though older interfaces may have lower latency in some cases. AXI's standardization and flexibility make it useful for integrating IP cores.