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Audio (MP3) Founded by Claude Shannon in 1948, information theory has taken on renewed vibrancy with technological advances that pave the way for attaining the fundamental limits of communication channels and information sources. Increasingly playing a role as a design driver, information theory is becoming more closely integrated with associated fields such as coding, signal processing and networks. In this talk, Sergio Verdu reviews the current research trends in the field as well as some of its longstanding open problems. Sergio Verdu is the Eugene Higgins Professor of Electrical Engineering at Princeton University where he teaches and conducts research on information theory. He was elected a Fellow of the IEEE in 1992 and a member of the National Academy of Engineering in 2007. He received the 2000 Frederick E. Terman Award from the American Society for Engineering Education and the IEEE Third Millennium Medal in 2000. In 2005, he received a Doctorate Honoris Causa from the Universitat Politecnica de Catalunya. He is the recipient of the 2007 Claude E. Shannon Award and the 2008 IEEE Richard W. Hamming Medal. In 1998, Cambridge University Press published his book Multiuser Detection. His papers have received several awards: the 1992 IEEE Donald Fink Paper Award, the 1998 Information Theory Outstanding Paper Award, an IEEE Information Theory Golden Jubilee Paper Award, the 2000 Paper Award from the Japan Telecommunications Advancement Foundation, the 2002 Leonard G. Abraham Prize Award in Communications Systems, and the 2007 IEEE Joint Communications/Information Theory Paper Award.