The Internet is one of the most successful technical achievements of our time. However, it is reaching the limits of what it can support in the face of emerging applications such as holographic type communications, industrial control, autonomous driving, and smart society. This talk analyzes the current Internet’s constraints and limitations, identifies new requirements for future networks, and defines new capabilities and services expected from inside the network. It then proceeds to outline New IP that evolves the Internet for future applications. New IP will unleash the next wave of internet innovations and create new business opportunities across industry verticals, vendors, and service providers.