Gi-Fi (Gigabit Wireless) is a new wireless technology that can transfer data at up to 5 gigabits per second, which is 10 times faster than current wireless technologies. It uses 60GHz frequency and can transfer large files like HD videos within a 10 meter range. Gi-Fi aims to provide higher data transfer rates than Bluetooth and Wi-Fi at lower power consumption. It uses small antennas and works best with line of sight. Applications include wireless connectivity between devices in homes and offices for applications like streaming HD content, high-speed inter-vehicle communication, and more. Gi-Fi is expected to become the dominant wireless technology for networking within five years.