The document summarizes the five generations of computers from the 1940s to present. The first generation used vacuum tubes, were large and expensive. The second generation used transistors, making computers smaller and cheaper. The third generation used integrated circuits, allowing computers to run multiple applications at once. The fourth generation used microprocessors on a single chip and introduced concepts like networking. The fifth generation uses ultra-large scale integration, enabling high performance, low cost and portable computers with large storage capacities. Overall, each generation saw improvements in size, cost and capabilities.