The document discusses the Semantic Web as Web 3.0. It explains that while current web pages use HTML to describe structure, not meaning, the Semantic Web aims to allow computers to understand the meaning behind information by recognizing things like people, places, events. This is done through techniques like embedding semantic annotations directly into data using standards like RDFa, microformats, and querying data with SPARQL. The Semantic Web will enable new applications by making the web more machine-readable.