We discuss inclusive radiative B decays within the Standard Model of elementary particle physics. In particular, we consider the B -> X_s gamma mode, where X_s denotes an arbitrary state of total strangeness -1. At quark level, this decay is dominated by the flavor changing neutral current b -> s gamma transition, which appears at the one-loop level in the Standard Model. Such processes allow us to study CP violation and the interplay of strong and electroweak interactions, to determine the elements of the quark mixing matrix, and to search for new physics. As it is well-known the inclusive rate is of much more theoretical interest than the exclusive modes, because non-perturbative effects play a subdominant role and are well under control ...