Shouldn't it be 1000/16 = 62.5? Impressive nonetheless, of course!

The article says 2.6 gigabits/second which is 2,600,000,000 bits/second, 2,600,000,000b/s * 0.5s / 8 is 162,500,000 bytes, 162,500,000 / 1,000,000 is 162.5 megabytes