Scientists at the Centre for Ultrahigh Bandwidth Devices, a research consortium of Australian universities, report that they are on the verge of creating a photonic chip that processes optical signals without the limitation of silicon electronics. The innovation would effectively increase the speed of the Internet by a potential 1000x, which would mean a high definition movie could be downloaded in a fraction of a second.

For a detailed description of the technology, click here.

[thanks, Random Good Stuff]