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IBM claims to have succeeded in creating a supercomputer simulation of the human brain capable of sensation, perception, action, interaction and cognition. So far it can only emulate the number of neurons and synapses in a cat's brain—1 billion spiking neurons and 10 trillion individual learning synapses— but then again the project has only been underway for one year.
IBM's paper on the project, called "The Cat is Out of the Bag" was awarded the Association for Computing Machinery (ACM) Gordon Bell Prize at the recent Supercomputer 2009 conference.
Text: http://www.eetimes.com/showArticle.jhtml?articleID=221901506