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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.

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I apologise for interpreting it incorrectly, but I do think the marketing is very misleading, mostly because of the excessive use of buzzwords, and lack of technical details.

Do you have any links to research papers or technical blog posts, etc?

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