We can understand language and we can type on a computer and move about. This is all done using this memory system that's in the brain and we can now build this memory system in software or in hardware. Our products are a set of tools that allow you to configure these memory systems, which we call HTM, hierarchical temporal memory. You can interface them with a thing like a camera or a microphone or sonar and it learns about its environment in the same way you learned about your environment when you were a child. It can model the environment, recognize things in it and make predictions about the future.
In this interview he covers his past, present and future on computing. For those who don't know him, he created the Palm Pilot, Handspring and while working on that he also studied the brain. His last book "On intelligence" proposes a general model on how the brains work.