(an old post from my lost blog ehcafe.com - Oct 2009)
(hat tip to Husam)
A fascinating project! They are simulating a rat's brain at the chemical level. They expect that in less than 10 years, they will be able to reproduce the exact behavior of the human brain on a single computer. They are probably a bit too optimistic, but I would not say that this goal is unachievable.
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