The technique of chirped pulse amplification has revolutionized our ab
ility to produce high-peak-power pulses. It is possible to produce wit
h tabletop systems pulses in the 10-TW range and peak intensities in t
he 10(19) to 10(20)-W/cm(2) range. With some refinements and with supe
rior energy storage materials, even higher peak power in the petawatt
range should be possible from tabletop systems. In this paper we show
the ultimate achievable power and intensity, as well as their applicat
ions in science and technology. Their applications cover a wide variet
y of fields, such as precision surgery, micromachining, coherent and i
ncoherent X-ray generation, thermonuclear ignition, particle accelerat
ion, and nonlinear quantum electrodynamics.