This document provides an overview of cognitive radio and discusses some of the key challenges in deploying cognitive radio networks. It defines cognitive radio as a radio that can be aware of its environment and change its transmission or reception parameters accordingly. The document outlines some of the core capabilities needed for cognitive radios, including flexibility, sensing, learning, and adaptability. It also discusses advantages of cognitive radio like efficient spectrum utilization. Some challenges of deploying cognitive radio networks include developing robust spectrum sensing techniques, designing flexible hardware, addressing legal and security issues, and establishing economic models for spectrum sharing.