An ultrafast image recovery and recognition system implemented with   nanomagnets possessing biaxial magnetocrystalline anisotropy
  A circular magnetic disk with biaxial magnetocrystalline anisotropy has four stable magnetization states which can be used to encode a pixel's shade in a black/gray/white image. By solving the Landau-Lifshitz- Gilbert equation, we show that if moderate noise deflects the magnetization slightly from a stable state, it always returns to the original state, thereby automatically de-noising the corrupted image. The same system can compare a noisy input image with a stored image and make a matching decision using magneto-tunneling junctions. These tasks are executed at ultrahigh speeds (~2 ns for a 512\times512 pixel image). 
Noel D'Souza, Jayasimha Atulasimha and Supriyo Bandyopadhyay
cond-mat.mes-hall