Not precisely. We don’t know if verbatim capacity is limited (and it doesn’t seem to be) but the brain operates in a space-efficient manner all the same. So there isn’t necessarily a causative relationship between “memory capacity” and “means of storage”.

> Likewise, if you remembered every single word in a book, you would not understand its meaning

I understand your meaning but I want to clarify for the sake of the discussion that unlike with ML, the human brain can both memorize verbatim and understand the meaning because there is no mechanism for memorizing something but not processing it (i.e. purely storage). The first pass(es) are stripped to their essentials but subsequent passes provide the ability to memorize the same input.