@bobdvb: It's unclear because they haven't said much about the lo0gic part of the device.
Many researchers including some at Stanford and Berkeley have talked about kinds of smart memories before. HP's unique angle is using its memristor as the memory.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.