Based on the work of Dr. Leon Chua, the memristor (a.k.a. memory resistor) remembers its state even after being turned off, so that a computer’s memory is still accessible right after it is turned on again. You can imagine turning on your computer and not having to wait several minutes before the operating system is loaded in memory. Looking further ahead into the future of memristor-based machines, imagine an “intelligent” computer that would “understand” the tasks you are trying to perform and would help you do them more efficiently, even by giving you smart advice (although it would have to be more sophisticated than Microsoft Office’s infamous Paper Clip assistant). Wouldn’t that save you time and effort?

The memristor’s resistance depends on the direction the current takes; the resistance increases in one direction and decreases in the other. Therefore the resistance R is a function M of charge q passing through, i.e. R = M(q). But the key aspect is this: when the current stops flowing, the memristor stores the last resistance state and thus starts over at that same resistance once the current starts flowing again. The memristor developed at HP labs is made of titanium dioxide thin films which makes it extremely small, thus reducing power consumption and production costs. Also, when connected together, memristors have a shape similar to that of artificial synapses. These properties makes them attractive for building an artificial brain. "This new circuit element solves many problems with circuitry today—since it improves in performance as you scale it down to smaller and smaller sizes," said Dr. Chua. "Memristors will enable very small nanoscale devices to be made without generating all the excess heat that scaling down transistors is causing today."

Currently, Boston University and HP are developing the perceptual, navigational and emotional systems which will simulate the behavior of a small mammal using hardware. This simulated nervous system will learn through plastic changes in synaptic connections (similar to biological neurons). This will allow it to interact intelligently with its environment: searching for food, following learned paths, avoiding predators, etc. In the near future, we can thus expect to see burgeoning projects give rise to artificially created small animals that have almost all the capabilities of their biological peers
REFERENCES
http://spectrum.ieee.org/robotics/artificial-intelligence/
http://brainblogger.com/2010/12/18/a-brain-made-of-memristors/
