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So dedicated servers and storing stuff. Got it.

Sounds like he is just saying that plus it can also perform a lot of calculations. These calculations are then fed back to your console so it changes things in the game. Your console would then still have to do the calculations but it has new parameters and shit.

They could be good. I'll just have to wait and see. He also confirms that they still have to pay for these servers so looks like not every game will have dedicated servers.