Bluetooth is a wireless technology developed in 1994 by Ericsson to allow electronic devices to communicate wirelessly within short ranges of up to 30 feet. It eliminates the need for cables and adapters between devices. The Bluetooth Special Interest Group was formed to develop the technology further. Bluetooth devices include headsets, printers, cameras, and more. It has advantages like low power consumption and cost but disadvantages like lower data rates, limited range, and security issues compared to WiFi.