The document discusses building an emulation environment called MIPS-X for analyzing MIPS-based IoT devices. It introduces the presenters and their backgrounds in IoT and embedded security research. It then covers challenges in emulating MIPS CPUs and building toolchains, kernels, and filesystems to support running IoT firmware. The talk agenda is outlined which includes demos of using QEMU and Docker for MIPS emulation. Next steps discussed are refining emulation of device NVRAM and developing automated build systems for analyzing IoT firmware.