The unprecedented advancement of artificial intelligence has placed immense demands on computing hardware, but traditional silicon-based semiconductor technologies are approaching their physical and economic limit, prompting the exploration of novel computing paradigms. Memristor offers a promising solution, enabling in-memory analog computation and massive parallelism, which leads to low latency and power consumption. This manuscript reviews the current status of memristor-based machine learning accelerators, highlighting the milestones achieved in developing prototype chips, that not only accelerate neural networks inference but also tackle other machine learning tasks. More importantly, it discusses our opinion on current key challenges that remain in this field, such as device variation, the need for efficient peripheral circuitry, and systematic co-design and optimization. We also share our perspective on potential future directions, some of which address existing challenges while others explore untouched territories. By addressing these challenges through interdisciplinary efforts spanning device engineering, circuit design, and systems architecture, memristor-based accelerators could significantly advance the capabilities of AI hardware, particularly for edge applications where power efficiency is paramount.

Pushing the frontiers of time-series information processing in ever-growing edge devices with stringent resources has been impeded by the system's ability to process information and learn locally on the device. Local processing and learning typically demand intensive computations and massive storage as the process involves retrieving information and tuning hundreds of parameters back in time. In this work, we developed a memristor-based echo state network accelerator that features efficient temporal data processing and in-situ online learning. The proposed design is benchmarked using various datasets involving real-world tasks, such as forecasting the load energy consumption and weather conditions. The experimental results illustrate that the hardware model experiences a marginal degradation (~4.8%) in performance as compared to the software model. This is mainly attributed to the limited precision and dynamic range of network parameters when emulated using memristor devices. The proposed system is evaluated for lifespan, robustness, and energy-delay product. It is observed that the system demonstrates a reasonable robustness for device failure below 10%, which may occur due to stuck-at faults. Furthermore, 246X reduction in energy consumption is achieved when compared to a custom CMOS digital design implemented at the same technology node.