The article comes across as either boastful or gushing about memristors, and hand-waves over as many hard unsolved problems as old AI predictions ever did. This

The article comes across as either boastful or gushing about memristors, and hand-waves over as many hard unsolved problems as old AI predictions ever did. This makes it quite hard to take seriously. Prefix all these bold statements with: "If MoNETA is successful in its goals..." I have no doubt that trying to simulate mammalian brains with memristors will lead to some great new AI advances, but I won't hold my breath that it will solve all AI problems simultaneously, and neither should you.