Gi-Fi is a new wireless technology that allows data transfer speeds up to 5 gigabits per second over short ranges of about 10 meters. It operates at 60GHz frequency using CMOS chip technology. Gi-Fi provides significantly faster speeds than existing wireless technologies like Bluetooth and Wi-Fi while using less power. It is well-suited for applications like wireless transfer of high-definition video between devices in homes and offices. The presenter predicted that within five years, Gi-Fi will become the dominant technology for wireless networking due to its high speeds, low power use, and lower equipment costs compared to other technologies.