Gi-Fi technology allows for wireless transfer of audio and video data at up to 5 GB per second, which is 10 times faster than current maximum wireless transfer rates. It operates using a single-chip transceiver at 60 GHz, achieving gigabit speeds within a 10 meter range. Compared to existing technologies like Bluetooth and Wi-Fi, Gi-Fi provides higher data transfer rates at lower power consumption. Its applications include wireless personal area networks, inter-vehicle communication, and high-speed transfer of video information.