The hollow grind is done by taking two concave scoops out of the side of the
blade. Many production companies use this grind, because it's easier to design
machines to do it. But many custom makers grind this way as well. Its great
advantage is that the edge is extraordinarily thin, and thin edges slice better.
The disadvantage is that the thinner the edge, the weaker it is. Hollow ground
edges can chip or roll over in harder use. And the hollow ground edge can't
penetrate too far for food-type chopping, because the edge gets non-linearly
thicker as it nears the spine
For designs where slicing is important, but the slice doesn't need to go too deep
this grind is an excellent choice. Many hunting knives are hollow ground, because
field dressing is often best done with a knife that slices exceptionally well
through soft tissues. Unfortunately, if you hit a bone, you can chip the edge.
Another advantage of the hollow ground knife, at least at the beginning, is ease
of sharpening. Most hollow grinds thicken slightly towards the edge. That means
that as you sharpen (at least at first), the blade gets thinner and easier to
sharpen. After this, however, the blade begins thickening non-linearly and
sharpening will become more difficult.
The ultimate push cutter, the straight razor, is usually hollow ground.