Gi-Fi is a wireless technology that allows data transfer speeds up to 5 gigabits per second using a chip that integrates a 60GHz transceiver. This is 10 times faster than current wireless speeds. The chip is only 5mm square and uses just 2 milliwatts of power. Gi-Fi enables quick transfer of audio, video and other large files between devices within a 10 meter range. It has advantages over existing technologies like Wi-Fi including higher speeds, lower power consumption and cost. Potential applications include high-speed internet access, wireless transfer of videos between devices, and wireless connectivity for devices in homes and offices.