To meet exploding network bandwidth demand, 50 Gb/s and 100 Gb/s signaling lanes in server (and fiber to machine) and switch links, have emerged requiring higher speed standards. Ethernet and Fibre Channel have both either recently published (for 50 Gb/s per lane) or are developing (for 100 Gb/s per lane) new low cost, short reach standards that will utilize these lane rates, for both serial and parallel solutions. This presentation will provide an update on those standards efforts, along with the underlying market, industry, and technology trends.