"The result of the computation is also stored in the memory devices, and in this sense the concept is loosely inspired by how the brain computes."

For anyone who is interested in a simple model of how the brain does this, check out "associative memories". The basic idea is that networks of neurons both store memory (in their synapses) and perform the computations to retrieve or recall those memories.

A simple example is the Hopfield network, a single layer of neurons that are recurrently connected with a specific update function: https://en.wikipedia.org/wiki/Hopfield_network

Another is two layers of neurons that are reciprocally connected called a Bidirectional Associative Memory (BAM): https://en.wikipedia.org/wiki/Bidirectional_associative_memo...

edit: grammar