Recent article in The New Yorker:
http://www.newyorker.com/online/blogs/newsdesk/2012/11/ibm-brain-simulation-compass.html
Here is the research report from IBM, with the simple title "10^14":
http://www.modha.org/blog/SC12/RJ10502.pdf
It's nothing like a real brain simulation, of course, but illustrates that hardware to do this is getting very close.
There is likely to be quite a long overhang between the hardware and the software...
What on earth is "semantic content"?
Meaning.
The words on this page mean things. They are intended to refer to other things.