The Compute Module 3 contains the guts of a Raspberry Pi 3 (the BCM2837 processor and 1GB RAM) as well as an optional 4GB eMMC Flash device (which is the equivalent of the SD card in the Pi). The Pi 3 has a processor speed of 1.2GHz and runs at roughly 10 times the speed of the Pi 1 due to its quad-core CPU.