The document provides an overview of multi-layer perceptrons (MLPs) and details the back-propagation algorithm, highlighting its importance in training neural networks to solve complex problems like the XOR challenge. It discusses the architecture of MLPs, including weight initialization, activation functions, and the gradient descent method used for minimizing error during training. Additionally, the document touches on the historical context of back-propagation and its resurgence in recent years due to advancements in computational power.