What is the fastest algorithm for matrix multiplication?
I think those "What is the fastest" questions are relative. In my opinion, they are not unsolved problem. There are already solutions for them. And in those current solutions, there is of course the fastest.
When a faster algorithm is formulated, a time will come where another algorithm will perform much better.
EDIT: Now I get it. That "fastest" is in terms of time complexity. Thanks guys. :)