SVM algorithms create hyperplanes that divide data into partitions to classify data points. They aim to find the flat boundary that maximizes the margin between the partitions. SVMs can handle both classification and regression tasks. They can map data into higher dimensions to allow for nonlinear separation using kernel tricks. This addresses limitations of linear separability. Neural networks model relationships between input and output signals, similarly to biological neurons. They use interconnected artificial neurons and weighted connections between layers to process and learn from data.