Gi-Fi is a new wireless technology that allows data transfer speeds up to 5 gigabits per second within a 10 meter range, which is 10 times faster than current wireless speeds. It was developed in Australia and operates at 60GHz on a single-chip transceiver. Gi-Fi is expected to become the dominant wireless technology in the near future, bringing wireless broadband to homes and offices through uses like connecting appliances and transferring video/audio files quickly. It has advantages over existing wireless technologies like Bluetooth and Wi-Fi through higher speeds, lower power consumption, and small chip size.