Houshalter comments on Open Thread, May 11 - May 17, 2015 - Less Wrong Discussion
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I doubt it will help scientists reverse engineer the function of the brain any faster. However it could potentially be very useful for helping AI researchers develop artificial neural networks.
ANNs aren't really tied to neuroscience research, and they probably won't help with emulations. But they are the current leading approach to AI, and increased computing power would significantly help AI research, as it has in the past.