Sure it does.
http://karpathy.github.io/2015/05/21/rnn-effectiveness/
> Hawkins' mantra is sequence based memory.
Note that Hawkins wrote “On intelligence” in 2005.
Schmidhuber wrote “Learning complex extended sequences using the principle of history compression” in 1992, and “Long short-term memory”, with Hochreiter, in 1997.
Today, a LSTM-based RNN can answer your Gmail.
http://people.idsia.ch/~juergen/rnn.html
http://googleresearch.blogspot.com/2015/11/computer-respond-...