Yifeng Jiang presented on Apache Hive's present and future capabilities. Hive has achieved 100x performance improvements through technologies like ORC file format, Tez execution engine, and vectorized processing. Upcoming features like LLAP caching and a persistent Hive server aim to provide sub-second query response times for interactive analytics. Hive continues to evolve as the standard SQL interface for Hadoop, supporting a wide range of use cases from ETL and reporting to real-time analytics.