This is categorically false. The machine is a new computer architecture which merges storage and memory. It is a demonstration of memristors, hardware used to implement low-latency byte-addressable persistent memory.

SOURCE: I work at HP-Labs writing systems software for the machine.

Is that accurate? I haven't bothered chasing down a cache of the page but as I remember "The Machine" the concept is to have a huge, flat, persistent memory built on memristors. No CPU cache, no main memory, no separate storage.

If they dropped all that to do a standard architecture with faster interconnects, I'm rather disappointed.

The main ideas seem to be replacing both RAM and storage with memristors, removing the distinction between them architecturally, and using photonic interconnects internally.

So it's a bit confusing where you got your tldr from.

I don't really think that's the TLDR, it rather seems to be that memristors are as fast as RAM yet store data permanently, and that using photons to transmit information is faster than copper wires.