Google is currently getting its hands busy working on data transfer speeds that would make its Google Fiber offering look like a dial-up service, NBC News reported citing a Google announcement reported by USA Today.

Patrick Pichette, Google's Chief Financial Officer, said the company was currently developing speeds of as much as 10 gigabits per second. This is considered much quicker than the 1 gigabyte per second that Google Fiber offers in Kansas City, the report said.

Just how fast is a 10-gigabit Internet connection?

In an interview, David Belson told NBC News that theoretically, a 10-gigabit connection would mean a thousand times faster than the average Internet speed in the US today. This also represents around 400 or 500 times quicker than the standard broadband connection.

Belson, the author of Akamai's State of the Internet report, warned however that this does not always mean that subscribers will always have lightning-fast speeds. He told NBC News, "Think about driving down an eight-lane highway and it's moving great, and then you hit a tollbooth, and all of a sudden it slows down. It's the same thing with Internet connectivity."

For example, if one is downloading something from a third-party source lacking the infrastructure that would support a super fast Internet connection of 10-gigabits then those flash-like download speeds are not going to happen. That said, connecting with sites owned by Google, such as YouTube which said that it would be starting to support 4K video which requires a lot of bandwidth, would be much easier with such speed, the report said.

Still, the dream of being able to stream ultra-high definition videos might be a bit too early inasmuch as Google Fiber is still now making its way to Austin, Texas and Provo, Utah. However, the innovation could still encourage other carriers to improve their services, the report said.