Alistair Barr

USA TODAY

SAN FRANCISCO – Google is working on technology that will provide data transfer speeds over the Internet that are many times faster than its current Google Fiber service in Kansas City, an executive at the online search giant said on Wednesday.

Google Fiber offers data transfer speeds of 1 gigabit per second currently. But the company is already working on speeds of 10 gigabits per second, Chief Financial Officer Patrick Pichette said during the Goldman Sachs Technology and Internet conference.

Pichette called this the next generation of the Internet and said it was part of Google's broader, long-term obsession with speed.

Faster speeds will increase the use of software as a service because users will be able to trust that critical applications that are data intensive will run smoothly over the Internet, he explained.

"That's where the world is going. It's going to happen," Pichette said. It may happen over a decade, but "why wouldn't we make it available in three years? That's what we're working on. There's no need to wait," he added.

Google is not the only one working on this. Last year, researchers in the U.K. announced that they achieved data transmission speeds of 10 gigabits per second using "li-fi" a wireless Internet connectivity technology that uses light.

Pichette has experience in this area. From early 2001 until July 2008, he was an executive at Bell Canada, which offers a fast, fiber optic Internet service to homes in that country.

Google Fiber is currently available in Kansas City, but Google has said it is bringing the service to Austin, Texas and Pichette told analysts last year that the project is not a hobby for the company.

On Wednesday he was asked whether Google Fiber will be coming to more cities. "Stay tuned," Pichette answered.