I don't see anything in what is described that would indicate that this memory is "smart" in any way. I assume that this is simply a weird spin put on the story because it's coming from a company that makes memory, but the real story is simply an argument that more memory in a mobile platform is desirable to enable local processing vs server side processing.
I believe years ago the term "smart memory" used to refer to the concept of embedding processing capabilities into the memory itself. An architecture that has yet to make sense.
We hope so. I have always thought that a new computing paradigm like neuromorphic will offer a better model for resolving the user-interface problem than anything. Unfortunately, the industry has not taken any major interest in it.
We've all had the frustration--waiting for the network to catch up with our requests, which are especially frustrating when you are waiting for cloud-based resources like Apple's Siri to respond. Smart memory based interfaces, that use local resources instead of cloud connections is the answer, according to Spansion, but I suppose this is not surprising, since Spansion sells the memories that will enable next-gen user interfaces to operate in the absence of cloud connections.