We prove new results about the remarkable infinite simple groups introduced by Richard Thompson in the 1960s. We give a faithful representation in the Cuntz C-star-algebra. For the finitely presented simple group V we show that the word-length and the table size satisfy an n log n relation. We show that the word problem of V belongs to the parallel complexity class AC(1) (a subclass of P), whereas the generalized word problem of V is undecidable. We study the distortion functions of V and show that V contains all finite direct products of finitely generated free groups as subgroups with linear distortion. As a consequence, up to polynomial equivalence of functions, the following three sets are the same: the set of distortions of V, the set of Dehn functions of finitely presented groups, and the set of time complexity functions of nondeterministic Turing machines.